Technip was awarded by air products a contract to provide project management, as well as engineering, procurement and construction management (EPCM) services for a new industrial gas complex for Bharat Petroleum Corporation- Kochi Refinery (BPCL-KR) located in the state of Kerala, India.

The contract will be managed by Technip's operating center in Delhi, as well as Technip in the Netherlands. The project is expected to be completed by February 2016.

Shares of the company declined Rs 13.25, or 1.89%, to settle at Rs 687.65. The total volume of shares traded was 138,633 at the BSE (Friday).