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Technip Energies Secures Two Contracts from BPCL for Indian Refineries

Technip Energies has announced the awarding of two major contracts by Bharat Petroleum Corporation Limited (BPCL) for projects at the Bina and Mumbai refineries in India. The combined value of the two contracts is estimated to be between 250 million and 500 million euros, according to the company.


Technip Energies Secures Two Contracts from BPCL for Indian Refineries

Engineering and Construction in Bina Refinery

The first contract involves engineering, equipment supply, construction, and commissioning services for new polypropylene and butene-1 units at the Bina refinery, located in the state of Madhya Pradesh, the statement said. These facilities will produce 550,000 tons per year of polypropylene and 50,000 tons per year of butene-1, which are components used in the manufacturing of packaging materials, pipelines, and automotive components, the company detailed. This contract is part of BPCL's Bina petrochemical and refining expansion project, which includes refining capacity increase, construction of a new cracker, and downstream petrochemical units, according to the group.

Catalytic Cracking Unit in Mumbai Refinery

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The second contract covers engineering, equipment supply, and construction supervision services for a fluid catalytic cracking unit for petroleum residue with a capacity of 3 million metric tons per year at the Mumbai refinery, in the state of Maharashtra. This will be the first unit of its kind in India, designed to convert heavy refinery residues into lighter, higher-value products, the company stated. The project scope also includes auxiliary units as well as offsite facilities and associated utilities, the statement clarified.

Long-standing Collaboration Strengthened

These contracts further strengthen a collaboration that has spanned over 20 years between Technip Energies and BPCL, the group indicated. The company has a local presence in Delhi, Mumbai, Chennai, Ahmedabad, and Dahej, and boasts more than 50 years of operational experience in India, according to the statement. Both contracts were recorded in the fourth quarter of 2025 in the Project Delivery and Technology, Products and Services segments of Technip Energies, the company detailed. The group reported a revenue of 6.9 billion euros in 2024.



Sector Energie · Pétrole et gaz équipements et services pétroliers


Assurance vie

Context

Period
  • Period: 9M 2025
Guidance from the release
  • Technip Energies (T.EN) a réalisé une performance financière solide sur les neuf premiers mois de 2025.
  • Chiffre d’affaires +9 % (5 417,1 millions €), EBITDA récurrent +9 % (478,0 millions €), forte génération de trésorerie, acquisition AM&C annoncée, contrat majeur Commonwealth LNG remporté mais conditionné à la FID ; prévisions 2025 confirmées.
Risks mentioned
  • Dépendance à la décision finale d’investissement (FID) pour l’intégration de certains contrats majeurs (ex. Commonwealth LNG)
  • Impact des variations de change (effet de change négatif sur carnet de commandes : (797) millions d’euros)
  • Risques liés à l’autorisation réglementaire et à la finalisation de l’acquisition AM&C
  • Rééquilibrage du portefeuille projet entraînant une pression sur les marges (plus de projets en phase initiale)
Opportunities identified
  • Croissance du GNL et solutions modulaires (SnapLNG)
  • Décarbonation et carburants durables
  • Renforcement du segment TPS via l’acquisition AM&C (revenus récurrents supplémentaires)
  • Projets d’économie circulaire et de recyclage chimique (Plas-TCat, Ecoplanta)

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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