Engineers India,Tatas to build oil refineries

The Tata Group and Engineers India, which designs oil refineries and chemical plants, plan to set up a joint venture for construction projects, Engineers India Chairman M. Rohatgi told reporters in New Delhi today.

New Delhi-based Engineers India has total orders worth Rs 5000 crore ($1.3 billion) at present compared with orders worth Rs 2000 crore at the beginning of the fiscal year in March, he said.

The company may help Indian Oil Corp., the country's biggest refiner, construct a refinery in Egypt, Rohatgi said. Indian Oil Corp. may team up with Egyptian General Petroleum Corp. to build a $9 billion refinery and petrochemicals project in the North African nation, the Economic Times reported today.

Engineers India has won orders to build Hindustan Petroleum Corp.'s Punjab refinery and Bharat Petroleum Corp.'s Bina refinery in central India, he said.