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Mar 20, 2017 12:39 PM IST | Source: PTI

Larsen arm wins Rs 1,656 cr contract from ONGC

Engineering major Larsen & Toubro (L&T) today said its wholly-owned subsidiary L&T Hydrocarbon Engineering has won a Rs 1,656 crore contract from ONGC.

Larsen arm wins Rs 1,656 cr contract from ONGC

Engineering major Larsen & Toubro (L&T) today said its wholly-owned subsidiary L&T Hydrocarbon Engineering has won a Rs 1,656 crore contract from ONGC.

"L&T Hydrocarbon Engineering Ltd, a wholly-owned
subsidiary of Larsen & Toubro, has bagged an offshore contract
for the Neelam Re-Development and B173AC project from ONGC

valued at 1,656 crore," the company said in a BSE filing.

The contract encompasses engineering, procurement,

construction, installation and commissioning for the project.

The scope includes one new process platform having gas
processing and compression facilities, three new well head
platforms, 32 km pipeline and modification work on eight
existing platforms in the Neelam Field in western offshore

basin in India, among others.

"The project, part of ONGC's strategy to enhance the
field life and increase recovery of Neelam field, is scheduled
to be completed by April 2019," the filing said.
Shares of Larsen & Toubro were trading 0.69 per centlower at Rs 1,540.05 on BSE.
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