Press Releases

Wednesday
April 13, 2005

Stone & Webster Rolta Limited awarded Engineering Services Contract for Reliance's IPCL Gandhar Petrochemical Complex

Mumbai, April 13, 2005: Stone & Webster Rolta Ltd. (SWRL) has been awarded the Engineering services contract for the 5th gas-cracking furnace at Reliance's IPCL Gandhar Petrochemical complex at Gujarat, India. This furnace will be an expansion of the existing four Stone & Webster USC-24W cracking furnaces and will increase the installed capacity at Gandhar to 400 KTA Ethylene.

SWRL's scope includes high-end Detail Engineering and Design including preparation of Design Basis Document, based on the NC furnace package, suitably modified to suit the GC conditions and pipe rack elevations; update of drawings to as built and to as purchased condition and in addition design of balance new equipment including developing and finalizing interconnecting P&IDs, etc. The scope also includes Procurement Assistance/Engineering and Construction Management.

The project has already begun and Mechanical completion is planned in early 2006. This award reaffirms the company's strong capabilities to undertake the most complex of projects and places it amongst the country's premier engineering companies.

Company Background : Stone & Webster Rolta Limited (SWRL) is a Joint Venture between Shaw's affiliate, Stone & Webster Inc., ("Stone & Webster"), and Rolta India Ltd to undertake complex projects and provide Engineering and Design Services worldwide. Owned 50% by each partner, the joint venture company provides high quality engineering, design services and takes up selective turnkey, process refinery, petrochemicals and power projects in India. SWRL brings world-class technology and high-end engineering capabilities into India, and will contribute to the economic growth of the nation by earning and saving significant foreign exchange. The JV leverages the Indian infrastructure, facilities, and capabilities of Rolta and Stone & Webster's extensive experience and expertise for executing complex global EPC projects.

Rolta is an Indian multinational organization well equipped to provide knowledge-based Software/IT, Engineering and Mapping solutions & services to customers across the world. A leading Public Company with over 1,30,000 shareholders, Rolta has been profitable and consistently paying dividends since its IPO in 1990. For further information, please visit the Company's website at www.rolta.com

A part of The Shaw Group, Stone & Webster is a leading global provider of full-service, value-added engineering, design, procurement, construction, and maintenance services to the energy industry. With over $3 billion in revenues, The Shaw Group is headquartered in Baton Rouge, Louisiana and employs approximately 19,500 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. For further information, please visit the Company's website at www.shawgrp.com

For additional information

Mr. J Srikant  
Executive Director,
Stone & Webster Rolta Limited,
Rolta Center - II, MIDC, Marol,
Andheri - East, Mumbai - 400093 - INDIA
Telephone: 2832 6666 / 2826 2222 Extn: 3901   
E-mail: J.Srikant@shawgrp.com
           www.rolta.com   www.shawgrp.com