L&T Hydrocarbon Engineering Limited (LTHE), a fully-owned subsidiary of Larsen & Toubro Limited, has secured new orders in the offshore and onshore segments worth Rs 1,920 crore from domestic oil and gas majors.
“An offshore contract valued at Rs 1,340 crore from the Oil & Natural Gas Corporation (ONGC), won against international competitive bidding, includes engineering, procurement, construction and installation of five wellhead platforms at the Mumbai High North field of ONGC. The project, part of ONGC’s strategy to re-develop Phase-III of Mumbai High North field to enhance production from existing reservoirs, is scheduled to be completed by March, 2016,” said L&T in a press release.
In the onshore segment LTHE has secured a contract valued at approximately Rs 580 crore from a leading company engaged in hydrocarbon downstream processing. LTHE will carry out engineering, procurement and construction of a dual service cryogenic storage tank facility, suitable for liquid ethane and liquefied natural gas and engineering work for the balance of the facilities to be installed at the client’s manufacturing complex.
Article Source: http://www.business-standard.com/content/b2b-manufacturing-industry/l-t-hydrocarbon-wins-orders-worth-rs-1-920-cr-114090800352_1.html
Publication Date: 08 September 2014