Technip Energies Secures Major EPC Contract for Mumbai Refinery Modernization

Key Facts

1Technip Energies has secured a large Engineering, Procurement, and Construction (EPC) contract for the modernization of HPCL's Mumbai refinery.

Technip Energies has secured a large Engineering, Procurement, and Construction (EPC) contract for the modernization of HPCL's Mumbai refinery. Seeking Alpha reported that the award is part of a strategic initiative by Hindustan Petroleum Corporation Limited to upgrade its refinery infrastructure and enhance operational efficiency through modernization and expansion.

The stock TE.PA closed at 29.14 EUR on October 9, 2026, having reached a day high of 29.28 EUR and a low of 28.32 EUR during that session. This large-scale contract award strengthens the company's order book in the energy infrastructure sector and provides significant revenue visibility.