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Reimagine | Reinvent | Grow

AREAS OF EXPERTISE

Under this sector, TCE provides comprehensive EPCM services There is a thrust to utilise indigenously available Coal for
to clients in the fields of: manufacturing liquid fuel and Chemicals using Coal Gasification
Technology. This will help in reducing the country’s Crude
Oil, Gas and Petroleum Refineries
Import bill.
Petrochemicals
India’s refining capacity is planned to increase from 230 MMTPA
Fertilisers to 440 MMTPA by 2030. All the refineries are now integrated
Chemicals & Specialty Chemicals with downstream petrochemical complexes to improve ROI
and cater to the increasing demands of plastic polymers in
Food & Pharmaceuticals the domestic market. Apart from the Capex projects in the
Glass, Rubber, Cement and Allied Process Industries domestic market, we expect to have good opportunities in the
global market for the following types of projects to meet the
need for sustainability and tighter emission controls:

KEY TRENDS SHAPING THE INDUSTRY Plant upgrades, Automation and Revamps
Asset Integrity Management
The Hydrocarbons and Chemicals sector envisages growth
opportunities in the Indian markets fueled by higher Energy Optimisation Studies
consumption associated with rising living standards and Efficiency improvement & Debottlenecking
rapid urbanisation in India. The growing realisation about
the risk associated with the large concentration of Chemicals We see opportunities in bioethanol investments in India.
manufacturing in one country will present good opportunities Government of India has given a very challenging target of
as many large MNCs may plan to de-risk by diversifying their blending 20% Ethanol into Petrol by 2025. This will require
expansion locations. massive addition of Ethanol manufacturing capacity.
Unfortunately, the 2G Ethanol manufacturing units are not
Significant investments are planned in the refinery sector financially viable in stand-alone mode and require Viability Gap
(both Public and Private Sector), Petrochemicals, and Speciality Funding from the Government of India.
Chemicals sectors. Good demand is expected from the
Construction Chemicals sector as well. The sector is well poised to leverage these opportunities
with a healthy mix of domestic and international clients.
The Government of India aims to increase the share of natural This strategy is expected to help the industry maintain its
gas in its energy mix from 6% to 15% by 2030. The government growth momentum in the coming years. FY 2020-21 saw the
also plans to create a National Gas Grid, requiring the strengthening of TCE’s relationships with marquee clients, and
installation of additional Gas Pipeline Infrastructure more such long-term engagements are in the pipeline.

New and Important Projects

During FY2020-21, HCBU secured some outstanding and
challenging projects on which the engineering work is
progressing well despite the COVID-19 situation. Some of
the noteworthy projects won during the year are:
Greenfield Fluorochemical Manufacturing Plant for one
of our strategic client in the western part of India.
FEED Review and Project Management Consultancy
Project for manufacturing Gas Processing and Methanol Restart at the new location of WAN and TAN
manufacturing plant for Brass Chemicals Nigeria manufacturing project in Eastern Part of India

A capacity expansion project for the manufacture of Engineering Services for a countrywide program of
PVC for another strategic client in the southern part of Petroleum Fuel Retail Outlets for an Oil Marketing
India. company.

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