Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
Webinar :Join an expert panel for a webinar on Smart investments for a secure retirement January 28, 2021. Register now!
you are here: HomeNewsBusiness

L&T Hydrocarbon Engineering bags up to Rs 5,000 crore order from ONGC

The engineering and construction company, however, did not provide the exact value of the contract, but as per its project classification, the value of a large order ranges between Rs 2,500 crore and Rs 5,000 crore.

January 07, 2021 / 02:26 PM IST
Source: Pixabay

Source: Pixabay

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

L&T Hydrocarbon Engineering (LTHE) on Thursday said it has bagged an order worth up to Rs 5,000 crore from Oil & Natural Gas Corporation (ONGC).

The engineering and construction company, however, did not provide the exact value of the contract, but as per its project classification, the value of a large order ranges between Rs 2,500 crore and Rs 5,000 crore.

"L&T Hydrocarbon Engineering Limited (LTHE), a wholly-owned subsidiary of Larsen and Toubro, has secured a contract from Oil & Natural Gas Corporation (ONGC) for their new living quarter (LQ) and revamp at NQ Complex’ project,” L&T said in a regulatory filing.

L&T said the engineering, procurement, construction, installation and commissioning (EPICC) contract is for a new living quarter platform, NQL Platform’ of 120 men capacity, bridge (with intermediate support) to existing NQO Complex’ and major revamping/replacement of existing process systems / facilities at NQ Complex’ in ONGC’s Mumbai High Asset on the West Coast of India.

The contract has been awarded through international competitive bidding on a lump sum turnkey basis, L&T said in a statement.

Close

Subramanian Sarma, Whole-time Director and senior EVP (Energy), L&T and CEO and MD of LTHE said, "We have been delivering several large and mega projects for ONGC over the past decade. Our world-class fabrication facilities at Hazira (West Coast) and Kattupalli (East Coast) enable us to maximize the local content, entirely supporting the Government’s AatmaNirbhar Bharat Policy."

Shares of L&T were trading 2.15 percent higher at Rs 1,341.90 apiece on BSE.
PTI
first published: Jan 7, 2021 02:26 pm

stay updated

Get Daily News on your Browser
Sections