Navigating Volatility: Indian Refinery Insights

Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?

I am Ramesh Iyer, currently with Larsen & Toubro as a project manager for oil & gas projects. I started my professional journey with Nayara Energy as a trainee engineer, and then worked with ONGC Petro additions Limited before joining Larsen & Toubro in 2018.

Q2. With the current volatility in global crude flows, how much "Crude Slate Flexibility" does the new infrastructure (CDU/VDU upgrades) provide to mitigate the impact of West Asian supply cuts?

CDUVDU, being the mother unit of energy, can yield valuable returns, especially given the short supply of crude due to the West Asia crisis.

Q3. Considering the global supply disruption in March 2026, how have lead times for long-lead rotary equipment shifted, and is this reflected in the current "percentage-of-completion" revenue recognition?

Lead times for rotary equipment deliveries have shifted by 1.5 to 2 months due to global supply disruptions.

Q4. With the global maritime detours around Africa now adding 14–20 days to transit, how are EPC firms currently bridging the gap between 'costs incurred' for long-lead equipment and the 'physical progress' milestones?