Foster Wheeler AG (Nasdaq: FWLT) announced today that subsidiaries of its Global Engineering and Construction Group have been awarded a contract by Reliance Industries Limited for the provision of engineering and procurement services for its Paraxylene Project at Jamnagar, Gujarat State, on the west coast of India. This project is part of Reliance’s multi-billion-dollar Expansion Project at its world-scale Jamnagar refining and petrochemical complex.

Foster Wheeler’s scope of work will include detailed engineering, licensor coordination and procurement services for the new paraxylene plant. The project will be executed from Foster Wheeler’s Indian and UK operations.

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.