PASADENA, Calif., April 21 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Hindustan Petroleum Corporation Limited (HPCL) to provide project management consultancy services for a diesel hydrotreater (DHDT) project at HPCL's refining complex in Mumbai, India.
Officials did not disclose the contract value, but estimate the overall total installed cost at $650 million.
Jacobs will perform front-end engineering design and supervise the lump-sum turnkey contracting for the DHDT project. Work includes the installation of a DHDT and associated facilities in HPCL's Mumbai refinery to meet stringent Euro-IV specifications for diesel.
In making the announcement, Jacobs Group Vice President Chris Nagel stated, "We are excited to continue our working relationship with HPCL and are committed to the safe completion of the DHDT project."
HPCL, a Fortune 500 company, is regarded as one of the major integrated oil refining and marketing companies in India.
Jacobs, with over 55,000 employees and revenues exceeding $12.0 billion, provides technical, professional, and construction services globally.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2008 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
For additional information contact:
Michelle Jones
626.578.6968
SOURCE Jacobs Engineering Group Inc. Web Site: http://www.jacobs.com