Abhineet Srivastava

Seasoned project management professional with proven track record in planning & delivering mega petrochemical projects, leading cross functional teams. Expertise in project formulation, procurement & contracts strategy, stakeholder and change management.

Work Experience

Senior Project Manager, Project Management | Indian Oil Corporation Limited | New Delhi

  • Successfully managed end to end project management for Ethylene Glycol project at Paradip of INR 5654 Cr leading to its commissioning in Feb’2022
  • Successfully managed the effect of COVID Pandemic (Wave-1 & 2) on Ethylene Glycol project which hit the project at its peak execution time
  • Spearheaded lining up of an EPC contract for 1.2MMTPA PTA unit under PX-PTA Project at Paradip Refinery at a discount of INR 1315 Cr (24.16% below the estimate)
  • Successfully managed a major change impact on PTA package under of PX-PTA Project. Spearheaded the technical discussions and negotiations, reducing the initial estimated impact from INR 85 Cr and 6 months to  INR 45 Cr (~1% of total cost) and 3 months
  • Surpassed the CAPEX target for FY 2021-22 and FY 22-23 by 27% and 23% respectively

 

Project Manager, Project Management | Indian Oil Corporation Limited | New Delhi

  • Led project team for preparation of FEED, Detailed Feasibility Report, Investment proposal and approval of Ethylene Glycol project at Paradip of INR 5654 Cr.  Lined up an EPC contract costing INR 3010 Cr
  • Reviewed and Finalized the Electrical System for Ethylene Glycol project and PX-PTA Project at Paradip Refinery during Front End Engineering Stage
  • Successfully Managed a 20% cost increase on a INR 4807 Cr project due to FOREX fluctuations and market dynamics. Conducted detailed analyses and secured board approval for cost escalation, preventing a 6-month delay and an estimated INR 390 Cr loss
  • Successfully handled a contractor dispute for a claim of INR 26 Cr through conciliation, avoiding arbitration and court. Presented facts effectively, leading to most claims being dropped. The contractor agreed to a settlement of INR 3.7 Cr, saving INR 22.5 Cr
  • Successfully closed decade old two projects management consulting contracts of Paradip Refinery Grassroot project of INR 156 Cr
  • Surpassed the CAPEX target for FY 2018-19,2019-20 and FY 2020-21 by 18%, 151%, 23% respectively
     

Assistant Project Manager, Project Management | Indian Oil Corporation Limited | New Delhi

  • Lined up project management consultant for Ethylene Glycol project at a cost of INR 93.15 Cr at a discount of INR 20.78 Cr (18.24% below the estimate)
  • Successfully managed end to end project management for Polypropylene project at Paradip Refinery (approved project cost: INR 3150 Cr)
  • Successfully managed end to end project management for Coker-A revamp project at Barauni Refinery of INR 480 Cr

 

Senior Electrical Engineer, Electrical Maintenance Department | Indian Oil Corporation Limited | Barauni Refinery

  • Successfully managed maintenance of electrical systems for 4 critical process unit and Offsite and Tank farm areas leading team of 6 junior engineers and 20 contract workers
  • Carried out procurement of new equipment and spares of worth INR 2.05 Cr and work contract line up of INR 12 lac 
  • Created a logging system to maintain the history of predictive and preventive work done on electrical equipment along with parameters, enhancing predictive maintenance capabilities
  • Saved annual recurring cost of INR 10 Lac by proposing and implementing a permanent solution for temporary power requirements in aging 3 process units, eliminating the need for temporary arrangements for daily  & shutdown maintenance
  • Successfully planned and managed shutdown activities of 04 Process unit and 01 Total Refinery Shutdown including procurement and agency lined up, ensuring timely startup
  • Imparted more than 2000 manhours of trainings on electrical system and safety

 

Electrical Engineer, Electrical Maintenance Department | Indian Oil Corporation Limited | Barauni Refinery

  • Successfully managed operation and maintenance of electrical systems for 4 critical process unit and Offsite and Tank farm areas leading team of 6 junior engineers and 15 contract workers
  • Carried out procurement of new equipment and spares of worth INR 56.42 lac and work contract line up of INR 13 lac 
  • Reviewed and updated relay setting based on relay coordination in 34 substations across all distribution voltage levels, boosting Power System Reliability. Saved INR 50 lac by avoiding external agency expenses
  • Proposed and executed an indigenous solution for imported Furnace Ignitors in 3 process units saving of annual recurring cost of INR 5 Lac towards spares
  • Successfully planned and managed shutdown activities of 03 Process unit and 01 Total Refinery Shutdown including procurement and agency lined up, ensuring timely startup
Accomplishments
  • Presented and published (as first author) a technical paper: "Some observations on selection of most suitable mother wavelet for measurement of power system harmonics using CWT" based on my B. Tech. final year Project in TENCON-2009 IEEE Region 10 Conference, Singapore
  • Scholarship: Received scholarship from Bharti Foundation for Summer Internship at IIT Delhi, 2007
     
Education

B. Tech., Electrical Engineering, Motilal Nehru National Institute of Technology, Prayagraj

Certificates
Co/Extra-curricular
  • 1st prize in a Robotic Event “ROBOROMEO” during ROBOFEST of MNNIT Allahabad, 2008
  • 2nd prize in a Robotic Event- “CONTRAPTION” during ROBOFEST of MNNIT Allahabad, 2008
  • 3rd prize in “Science Vs Magic” Robotics event in AVIAHKAR 07-technical fest of MNNIT Allahabad, 2007
  • 1st prize in NUKKAD dramatic event in CULRAV- Cultural Fest of MNNIT Allahabad, 2006
  • 3rd prize in SILENT play dramatic event in CULRAV- Cultural Fest of MNNIT Allahabad, 2006
  • Branch Co-ordinator for ELECTROMANIA , AVISHKAR- Technical Fest of MNNIT Allahabad, 2008
  • Co-ordinator for Dramatics Event in CULRAV- Cultural Fest of MNNIT, Allahabad, 2009
  • Received award for BEST OUTGOING STUDENT in 2002
     

Quick Look

  • Work Experience: 14.7 Years
  • Previous Roles

    Senior Project Manager, Indian Oil Corporation Limited

  • Function : Engineering & Maintainence
    Project/Program Management
  • Industry/Sector: Energy & Utilities
    Government/PSUs
Work Experience

Senior Project Manager, Project Management | Indian Oil Corporation Limited | New Delhi

  • Successfully managed end to end project management for Ethylene Glycol project at Paradip of INR 5654 Cr leading to its commissioning in Feb’2022
  • Successfully managed the effect of COVID Pandemic (Wave-1 & 2) on Ethylene Glycol project which hit the project at its peak execution time
  • Spearheaded lining up of an EPC contract for 1.2MMTPA PTA unit under PX-PTA Project at Paradip Refinery at a discount of INR 1315 Cr (24.16% below the estimate)
  • Successfully managed a major change impact on PTA package under of PX-PTA Project. Spearheaded the technical discussions and negotiations, reducing the initial estimated impact from INR 85 Cr and 6 months to  INR 45 Cr (~1% of total cost) and 3 months
  • Surpassed the CAPEX target for FY 2021-22 and FY 22-23 by 27% and 23% respectively

 

Project Manager, Project Management | Indian Oil Corporation Limited | New Delhi

  • Led project team for preparation of FEED, Detailed Feasibility Report, Investment proposal and approval of Ethylene Glycol project at Paradip of INR 5654 Cr.  Lined up an EPC contract costing INR 3010 Cr
  • Reviewed and Finalized the Electrical System for Ethylene Glycol project and PX-PTA Project at Paradip Refinery during Front End Engineering Stage
  • Successfully Managed a 20% cost increase on a INR 4807 Cr project due to FOREX fluctuations and market dynamics. Conducted detailed analyses and secured board approval for cost escalation, preventing a 6-month delay and an estimated INR 390 Cr loss
  • Successfully handled a contractor dispute for a claim of INR 26 Cr through conciliation, avoiding arbitration and court. Presented facts effectively, leading to most claims being dropped. The contractor agreed to a settlement of INR 3.7 Cr, saving INR 22.5 Cr
  • Successfully closed decade old two projects management consulting contracts of Paradip Refinery Grassroot project of INR 156 Cr
  • Surpassed the CAPEX target for FY 2018-19,2019-20 and FY 2020-21 by 18%, 151%, 23% respectively
     

Assistant Project Manager, Project Management | Indian Oil Corporation Limited | New Delhi

  • Lined up project management consultant for Ethylene Glycol project at a cost of INR 93.15 Cr at a discount of INR 20.78 Cr (18.24% below the estimate)
  • Successfully managed end to end project management for Polypropylene project at Paradip Refinery (approved project cost: INR 3150 Cr)
  • Successfully managed end to end project management for Coker-A revamp project at Barauni Refinery of INR 480 Cr

 

Senior Electrical Engineer, Electrical Maintenance Department | Indian Oil Corporation Limited | Barauni Refinery

  • Successfully managed maintenance of electrical systems for 4 critical process unit and Offsite and Tank farm areas leading team of 6 junior engineers and 20 contract workers
  • Carried out procurement of new equipment and spares of worth INR 2.05 Cr and work contract line up of INR 12 lac 
  • Created a logging system to maintain the history of predictive and preventive work done on electrical equipment along with parameters, enhancing predictive maintenance capabilities
  • Saved annual recurring cost of INR 10 Lac by proposing and implementing a permanent solution for temporary power requirements in aging 3 process units, eliminating the need for temporary arrangements for daily  & shutdown maintenance
  • Successfully planned and managed shutdown activities of 04 Process unit and 01 Total Refinery Shutdown including procurement and agency lined up, ensuring timely startup
  • Imparted more than 2000 manhours of trainings on electrical system and safety

 

Electrical Engineer, Electrical Maintenance Department | Indian Oil Corporation Limited | Barauni Refinery

  • Successfully managed operation and maintenance of electrical systems for 4 critical process unit and Offsite and Tank farm areas leading team of 6 junior engineers and 15 contract workers
  • Carried out procurement of new equipment and spares of worth INR 56.42 lac and work contract line up of INR 13 lac 
  • Reviewed and updated relay setting based on relay coordination in 34 substations across all distribution voltage levels, boosting Power System Reliability. Saved INR 50 lac by avoiding external agency expenses
  • Proposed and executed an indigenous solution for imported Furnace Ignitors in 3 process units saving of annual recurring cost of INR 5 Lac towards spares
  • Successfully planned and managed shutdown activities of 03 Process unit and 01 Total Refinery Shutdown including procurement and agency lined up, ensuring timely startup
Accomplishments
  • Presented and published (as first author) a technical paper: "Some observations on selection of most suitable mother wavelet for measurement of power system harmonics using CWT" based on my B. Tech. final year Project in TENCON-2009 IEEE Region 10 Conference, Singapore
  • Scholarship: Received scholarship from Bharti Foundation for Summer Internship at IIT Delhi, 2007
     
Education

B. Tech., Electrical Engineering, Motilal Nehru National Institute of Technology, Prayagraj

Certificates
Co/Extra-curricular
  • 1st prize in a Robotic Event “ROBOROMEO” during ROBOFEST of MNNIT Allahabad, 2008
  • 2nd prize in a Robotic Event- “CONTRAPTION” during ROBOFEST of MNNIT Allahabad, 2008
  • 3rd prize in “Science Vs Magic” Robotics event in AVIAHKAR 07-technical fest of MNNIT Allahabad, 2007
  • 1st prize in NUKKAD dramatic event in CULRAV- Cultural Fest of MNNIT Allahabad, 2006
  • 3rd prize in SILENT play dramatic event in CULRAV- Cultural Fest of MNNIT Allahabad, 2006
  • Branch Co-ordinator for ELECTROMANIA , AVISHKAR- Technical Fest of MNNIT Allahabad, 2008
  • Co-ordinator for Dramatics Event in CULRAV- Cultural Fest of MNNIT, Allahabad, 2009
  • Received award for BEST OUTGOING STUDENT in 2002