# Maire Tecnimont awarded $450M EPCC contract by IOCL for para-xylene plant in Paradip

A consortium of Tecnimont S.p.A. and Tecnimont Private Limited has been awarded a $450 million EPCC lump sum contract by Indian Oil Corporation Limited to build a new para-xylene plant with a capacity of 800,000 tons per year in Paradip, Odisha, India. Mechanical completion is scheduled 33 months from award.

- Type: Contract
- Announced: 2021-04-26
- Where: Paradip, Odisha, India
- Value: $450.0M
- Status: announced
- Capacity: 800,000 tons per year
- Products: para-xylene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Maire Tecnimont](https://endata.com/companies/8164.md)
- [Indian Oil Corporation](https://endata.com/companies/492.md) (customer)
- [Tecnimont](https://endata.com/companies/2684.md) (partner)

## Sources

- [groupmaire.com](https://www.groupmaire.com/en/newsroom/press-releases/detail/petrochemical-business-india-new-contract-iocl/), 2021-04-25: "The overall value of the contract is about USD 450 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.