Having successfully executed mega projects in EPC mode in its area of core competence, MBE has diversified into newer areas to maintain its pace of rapid growth. Oil & Gas and Fertilisers & Chemicals are seen as such sectors.
Significant PSU investments are envisaged in the oil & gas sector in India in the 12th Plan period. In addition, with rapid liberalization in this sector, the private sector (both domestic and foreign) is expected to make major investments. MBE is targeting midstream and downstream projects viz. refineries, petrochemicals, gas processing plants, oil/gas marketing terminals etc. where a substantial capability for project execution already exists within the Company.
A core group comprising specialists in the area has been formed and MBE is actively pursuing opportunities in targeted projects. Given the size of the opportunity and continued spend on account of new projects, expansions and upgradations, the coming years would be the investment period for building a larger business for MBE.
MBE has made breakthroughs in this sector by successful and on time execution of contracts for offsite piping from Brahmaputra Cracker & Polymers, civil & structural work for BPCL Mahul Refinery and civil construction in the gasoline unit at Paradip Refinery, IOCL.
MBE is presently executing a contract for Petcoke Handling System for Chennai Petroleum Corporation Limited at Manali related to their Upgradation Project which is scheduled to be completed by 2017.
