Type = Heat Recovery Shell & tube Heat Exchanger Area = 260 m2 So from Figure, 6.3 (Coulson Vol 6) Bare cost = 62 x 1000 = 62000 $ For floating head, factor = 1 Pressure factor =1 Total Cost = 62000 x 1 x 1= 62000 $ Cost Index in 2004 = 111 Cost Index in 2016 = 576.7 Cost in 2016
= Cost in 2004 x (Cost index in 2016/ Cost index in 2004 )
= 62000 $ x (576.7/111) = 322120 $ In Rs = 32212000