Technip Energies wins up to €500m HPCL Mumbai refinery project
Technip Energies will modernise HPCL’s Mumbai refinery under a €250 million-€500 million EPC award covering new hydrocracking and deasphalting units.
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what happened
Newsmetry API reports that Technip Energies has received an Engineering, Procurement and Construction (EPC) award from Hindustan Petroleum Corporation Limited (HPCL) for work at its Mumbai refinery in Maharashtra. The contract is worth between €250 million and €500 million and concerns HPCL’s Lube Modernization and Bottom Upgradation project.
Technip Energies is to provide a 550 kilo tonnes per annum (KTA) integrated hydrocracker with catalytic dewaxing capability, together with an 850 KTA solvent deasphalting unit. Both installations will be incorporated into the existing Mumbai refinery.
The upgrade targets production of lube oil base stocks used in automotive engine oils and industrial lubricants. It is also intended to turn heavier streams into higher-value products, improving output and supporting the facility’s long-term competitiveness. Technip Energies will add the award to its Project Delivery backlog for the third quarter of 2026.
why it matters
The award connects Technip Energies’ order book with India’s broader effort to upgrade refining infrastructure and increase higher-value petroleum-product output. For markets, the contract is relevant to the engineering segment, refinery investment and lubricant-feedstock production.
instruments
sources
- Technip Energies Bags Up To €500 Mn EPC Contract From HPCL — Newsmetry API, 12 October 2026 at 16:32 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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