Industries
Refineries, petrochemical complexes and pipeline infrastructure.
Sector overview
The founder’s own background is in chemical engineering, and the firm has assessed chemical and petrochemical plants since its earliest assignments. Lenders’ Independent Engineer work includes the Coastal Oil & Gas Infrastructure project (₹950 crore) for a consortium of Bank of India, State Bank of India, Central Bank of India and Canara Bank, and I G Petrochemicals. Upstream, the team has valued the assets of Essar Oil & Gas Exploration and Production.
TEV studies have supported Rama Phosphates (₹155 crore), Universal Chemicals and Industries (₹136 crore), Indian Emulsifiers, Oric Organic Chemicals, Inventys Research, Nath Industries and Adhiraj Lifesciences, and valuations cover Jaysynth Dyestuff, Syngenta’s Goa plant and Calyx Chemicals and Pharmaceuticals under IBC (₹260 crore). Process, safety and environmental compliance are reviewed by engineers, not read from the promoter’s file.
Industry challenges
Licensed processes carry guarantees on yield, quality and consumption that determine whether the plant can meet its cost case. We review the technology licence, guarantee tests and licensor track record as part of every TEV.
Chemical margins depend on the spread between feedstock and product prices that can invert within a quarter. We stress the viability case on historical spread ranges rather than on current prices.
Consents to establish and operate, hazardous-waste authorisation, effluent treatment and process-safety systems are conditions of continued operation. We verify status on site and report gaps as a lender risk.
Reactors, columns, heat exchangers and control systems are process-specific and rarely have a resale market. Valuation by engineers who understand the process route is the only defensible basis.
Our solutions
Viability studies with review of the process route, technology licence, utilities, safety systems and environmental consents.
Learn moreLenders’ Independent Engineer for new units, expansions and plant turnarounds, with milestone and drawdown certification.
Learn moreValuation of process plant, storage and pipelines for security, restructuring and IBC resolution, by chemical and mechanical engineers.
Learn moreTrack record
| Client | Lender | Service | Value |
|---|---|---|---|
| Coastal Oil & Gas Infrastructure | Bank of India, State Bank of India, Central Bank of India and Canara Bank | Lenders’ Independent Engineer | ₹950 Cr |
| Calyx Chemicals and Pharmaceuticals | Resolution professional | IBC valuation | ₹260 Cr |
| Rama Phosphates | Bank of India, IDBI and Union Bank of India | TEV study | ₹155 Cr |
| JVL Agro Industries (oil refinery) | Resolution professional | IBC valuation | ₹155 Cr |
| Universal Chemicals and Industries | Union Bank of India and State Bank of India | TEV study | ₹136 Cr |
| Essar Oil & Gas Exploration and Production | Asset valuation | ||
| I G Petrochemicals | Lenders’ Independent Engineer | ||
| Syngenta, Goa plant | Valuation |
Case study
Renewable Energy
Techno-Economic Viability study across two locations covering 152 MW wind, 500 MW solar and 600 MW of battery energy storage.
TEV StudyInfrastructure
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Project Monitoring
