- FY17 revenues at about Rs 2,000 crore
- FY18 order book stands at almost Rs 8,000 crore
- Executed projects of national importance contributing to India’s infrastructure growth
Mumbai, 19 April 2017: Essar Projects India Limited (EPIL), a leading Engineering Procurement & Construction (EPC) company, has completed and commissioned 10 projects worth Rs 2,862 crore in FY 2016-17. Some of these projects are of national importance and make significant contribution to India’s infrastructure growth. The Company has posted revenues of about Rs 2,000 crore in FY17.
EPIL has executed critical activities in Indian Oil Corporation Limited’s 15 MMTPA Paradip Refinery project, the Saurashtra Narmada Avtaran Irrigation (SAUNI) Pipeline Yojana project, as well as the Kaladan Multimodal Transport Project in Myanmar.
The other projects are in sectors as diverse as Steel, Oil & Gas and Fertilisers, with a footprint spanning India and neighbouring countries. Over the years, EPIL has gained valuable experience by executing and delivering large turnkey projects for government and private sector organisations.
“With an order book of almost Rs 8,000 crore, we are confident of even better performance in FY18,” said Mr AV Amarnath, Chief Operating Officer, adding: “Last year, our focus was to finish projects at hand. The Indian market is poised for bigger opportunities given the government’s thrust on core infrastructure. EPIL is well placed to seize those opportunities. Our cost competitiveness, timely delivery and technology knowhow give us a distinct edge.”
About Essar Projects
Essar Projects is a leading EPC (Engineering Procurement & Construction) company that offers a collaborative end-to-end project delivery model, which is backward integrated into the supply chain and forward integrated into customer needs.
The company has over four decades of experience in executing mega projects in sectors such as Hydrocarbons (Refinery, Petrochemical & Fertiliser Plants); Tankages and Terminals; Pipelines (Oil & Gas, Water, Slurry and Subsea); Offshore (Platforms, SPM & PLEM); Infrastructure (Ports, Jetties, Airports, Railway, Buildings & Townships); Minerals & Metals (Steel Plants, Sinter Feed, Beneficiation & Pelletisation Plants, and Material Handling Systems); and Power Plants (Coal, Gas, Multi-fuel and Hydel).
Essar Projects’ intimate involvement in setting up, operating and maintaining the world-class manufacturing units of a wide range of Essar businesses has helped in honing its expertise in offering turnkey solutions. Unlike other contractors, Essar Projects is therefore able to extend its EPC offering from concept to commissioning and beyond. Assisting in this is an in-house multidisciplinary Engineering & Project Management division, as well as a Procurement division with strong vendor networks. The company owns a state-of-the-art fabrication facility and a large bank of construction equipment.
For media contact
Manish Kedia, Senior Vice President – Corporate Affairs , Essar
Phone: +91 98197 30092, Email: firstname.lastname@example.org
Ravi Muthreja, Vice President – Corporate Communication, Essar
Phone: + +91 99301 34566, Email : Ravi.Muthreja@essar.com