Jacobs Wins Contract from PPL for Sulfuric Acid Plant Expansion
October 30 2012 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
received a contract from Paradeep Phosphates Limited (PPL) to
provide project management consultancy (PMC) services for its
sulfuric acid plant expansion project in Paradeep, Orissa,
India.
Officials did not disclose the contract value, however noted
that the total contract duration is 24 months.
Under the terms of the contract, Jacobs is overseeing the work
of engineering, procurement and construction (EPC) contractors as
they expand PPL’s sulfuric acid plant to enable an estimated
capacity of over 2,000 tons per day. The expansion project also
includes a retrofit of the heat recovery system in PPL’s existing
sulfuric acid plants, plus a new captive power plant and allied
Outside Boundary Limits (OSBL) facilities.
Jacobs Group Vice President Allyn Taylor stated, “We are
delighted to receive this contract from PPL and are committed to
delivering a high level of value on the project. We are pleased to
have increasing opportunities to expand the capabilities we provide
to many business sectors throughout India.”
PPL is a premier fertilizer company engaged in manufacturing and
marketing complex phosphatic fertilizers in India. The company is
owned by Zuari Holdings Ltd, OCP of Morocco and the government of
India.
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
Statements made in this release that are not based on historical
fact are forward-looking statements. We base these forward-looking
statements on management’s current estimates and expectations as
well as currently available competitive, financial and economic
data. Forward-looking statements, however, are inherently
uncertain. There are a variety of factors that could cause business
results to differ materially from our forward-looking
statements. For a description of some of the factors which may
occur that could cause actual results to differ from our
forward-looking statements please refer to our 2011 Form 10-K, and
in particular the discussions contained under Items 1 - Business,
1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's
Discussion and Analysis of Financial Condition and Results of
Operations. We do not undertake to update any forward-looking
statements made herein.
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