"Where the world was in for a slowdown, during the last six months of FY2008 we have bagged orders worth Rs1000 crores. There is no recession as far as HDO goes," quips SC Sekaran, Executive Director, Hindustan Dorr Oliver (HDO)...

Engineering Procurement and Construction (EPC) contracts have gained momentum for project execution during the past decade across various industries in India. Oil & Gas, Power, Chemicals & Petrochemicals and Infrastructure sectors opt for EPC LSTK contracts for most of their projects. As the EPC contractor becomes a single point of responsibility, this offers better-cost realization and also promises the project delivery within the scheduled time frame. Moreover from the project owner's perspective, turnkey contracting is a better proposition as the responsibility and majority of risks involved with the project lie on the contractor. The concept of EPC has become popular in India during the past decade and many projects have been implemented on the turnkey basis