L&T’s arm bags different orders worth Rs 1170 crore

Larsen & Toubro Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 500510 | NSE: LT

17 Jun 2016 Evaluate

Larsen & Toubro’s (L&T) wholly owned subsidiary - L&T Hydrocarbon Engineering (LTHE), has won orders worth Rs 1170 crore across its various business segments. Under Onshore Proiects, the company has secured a lump-sum turnkey contract from Indian Oil Corporation (IOCL), valued over Rs 355 crore for a Coke Drum System package of 1.7 MMTPA Delayed Coker Unit at IOCL's Haldia Refinery, West Bengal. Coke Drum System package is the most critical section of the Delayed Coker Unit and allied facilities being implemented by IOCL under the Distillate Yield Improvement Project, code named as 'Aishwarya Project', at Haldia. The project reinforces LTHE's integrated execution capabilities and is bagged on the strength of its track record of having executed several complex projects covering almost the entire refinery value chain.

Under construction Services, the company is already rendering construction services for Reliance Industries’ (RIL) refinery at Jamnagar, Gujarat for their petrochemical units - ROGC, PX04, PCG DTA and PCG SEZ in J3 expansion, and RIL has entrusted LTHE with an additional scope pertaining to their MEG, LDPE and CO shift & AGR shift of DTA units for a value of Rs 500 crore.

The company has also secured an order valued over Rs 200 crore from Hindustan Mittal Energy (HMEL) for composite mechanical works of their Low Cost Expansion Projectand services for capacity expansion, and turnaround during shutdown works at Guru Gobind Singh Refinery, Bathinda (Punjab). The scope of work includes structural fabrication and erection, piping for multiple process units, tankage works, equipment erection, E&I works and shutdown works.

Under modular fabrication, the company has received an order valued over Rs 115 crore from a leading global EPC contractor for their ongoing project in Kuwait for the fabrication of piping spools which will be supplied from L&T's Kattupalli Yard, located near Chennai and supply of static equipment to a leading Indian client from L&T's Hazira Yard, located in Gujarat.

Organized under offshore, onshore, construction services, modular fabrication and engineering services verticals, LTHE delivers 'design to build' engineering and construction solutions across the hydrocarbon spectrum.

Larsen & Toubro Share Price

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Company Name	CMP
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