Technip Energies has been awarded a large Engineering, Procurement and Construction (EPC) contract by Hindustan Petroleum Corporation Limited (HPCL) for its Lube Modernization and Bottom Upgradation (LMBU) project at the Mumbai Refinery in Maharashtra, India. The announcement was made on October 12, 2026.

Contract Award Details

Under the contract, Technip Energies will deliver a 550 KTA Integrated Hydrocracker and Catalytic Dewaxing (IHCD) unit and an 850 KTA Solvent Deasphalting (SDA) unit. These units form a major part of HPCL's LMBU project and will be integrated within the operating Mumbai Refinery.

For Technip Energies, a "large" award represents between USD 280 million and USD 560 million of revenue. The company stated that this order intake will be recorded in the Project Delivery segment's backlog in Q3 2026.

Project Scope and Purpose

The project will modernize HPCL's production of lube oil base stocks, which are key components used in the manufacture of automotive engine oils and industrial lubricants. It will also upgrade heavier refinery streams into higher-value products, improving resource utilization and supporting the refinery's long-term competitiveness.

According to the company, the project will contribute to strengthening India's production capabilities while improving the value generated from existing refining assets, as the country continues to invest in the modernization of its refining infrastructure to meet growing domestic demand for fuels and specialty petroleum products.

Company Response

Loïc Chapuis, President, Project Delivery and Services at Technip Energies, commented on the award: "This award by HPCL reflects the confidence placed in our EPC delivery capabilities and builds on a relationship between our two companies spanning more than two decades. Leveraging our expertise in refinery modernization and complex project execution, we look forward to delivering the new units and ensuring their integration with existing facilities, supporting HPCL in its strategic modernization."

About Technip Energies

Technip Energies describes itself as a global technology and engineering powerhouse, with leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management.

The company contributes to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Its complementary business segments are Technology, Products and Services (TPS) and Project Delivery.

The company has more than 18,000 employees across 35 countries and generated revenues of USD 8.06 billion in 2025. Technip Energies is listed on Euronext Paris and also has American Depositary Receipts trading over the counter.

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