Recent refinery tender: Some interesting conclusions – 4 Feb 2021

A refinery tender concluded this week

And the website has arrived at the following conclusions

Clearly L&T is not giving up, despite around Rs 13,000 crore of recent orders from the Barmer refinery. It will continue to vie for more projects. Looks like it still has spare capacity.

Petrofac is not giving up despite a sting of unsuccessful units. It shows a gritty determination to succeed.

Mega Engineering continues to remain hell-bent on finding a slot in the downstream sector. Clearly, it will not give up until it achieves the same success it has in the E&P segment (It bought up an entire rig company in Europe just so that it can bid and win India's largest order for rigs). This company can never be underestimated.