Page 46 - TCE Annual Report 2019-2020

21 Annual Report 2019-20
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Resources Business Review

TCE’s Resources sector has a track record of providing comprehensive engineering services
from concept to commissioning. This translates to consistently delivering smart engineering
solutions for its customers across the value chain.

The Resources business has two sub-sectors namely: Hydrocarbons & Chemicals and Mining

& Metallurgy.

21% 19%

MMBU Contribution to Revenue HCBU Contribution to Revenue

Hydrocarbon and Chemicals for manufacturing liquid fuel and Chemicals using
Coal Gasification Technology. This will help in reducing
Areas of expertise
country’s Crude Import bill.
Under this sector, TCE provides comprehensive EPCM India’s refining capacity is planned to increase from
services to clients in the fields of:
230 MMTPA to 440 MMTPA by 2030. All the refineries
• Oil, Gas and Refineries are now integrated with downstream petrochemical
complexes to improve ROI and also to cater to
• Petrochemicals
the increasing demands of plastic polymers in the
• Fertilizers domestic market. Apart from the CAPEX projects

• Chemicals & Specialty Chemicals in the domestic market, we expect to have good
opportunities in the global market for the following
• Food & Pharmaceuticals
types of projects, to meet the need of sustainability
• Glass, Cement and Allied Industries and tighter emission controls:

• Plant upgrades, automation and revamps
Key Trends Shaping the Industry • Asset integrity management
This sector envisages growth opportunities in the • Energy Optimisation Studies
Indian markets fueled by higher consumption
associated with rising standards of living and • Efficiency improvement & debottlenecking
rapid urbanisation. Growing realisation about the We see opportunities in bio ethanol and bio CNG
risk associated with the large concentration of investments in India.
Chemicals manufacturing in one country, will present
opportunities as many large MNCs may plan to de-risk The sector is well poised to leverage these
by diversifying their expansion locations. opportunities with a healthy mix of domestic and
international clients. This strategy is expected to help
Large investments are planned in the refinery sector, the sector maintain its growth momentum in the
petrochemicals, LNG regasification terminals and coming years. FY 2019-20 saw the strengthening of
specialty chemical sectors. TCE’s relationships with marquee clients and more

The Government of India aims to increase the share such long-term engagements are in the pipeline.
of natural gas in the country’s energy mix from 6% to
15% by 2030. Government also has plans for creating
National Gas Grid which will require installation of
additional Gas Pipeline Infrastructure.
There is a thrust to utilise indigenously available Coal

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