MoneyWorks4Me

L&T’s arm bags EPC contract worth Rs 1,100 crore from IOCL

27 Feb 2017 Evaluate

Larsen & Toubro’s (L&T) - wholly owned subsidiary - L&T Hydrocarbon Engineering (LTHE) has bagged an onshore EPC contract from Indian Oil Corporation (IOCL) worth around Rs 1,100 crore for setting up a 0.740 MMTPA Fluidised Cracking Unit (FCC) including LPG Treatment Facility at their Bongaigaon Refinery, Assam.

The scope of work under the contract covers extended basic engineering, detailed engineering, procurement, supply, transportation, storage, fabrication, inspection, construction, installation, testing, mechanical completion, pre-commissioning and commissioning of the unit. The company has won the contract through a competitive bidding process, which was also participated by reputed global EPC organizations.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $16 billion in revenue. It operates in over 30 countries worldwide. 


Peers
Company Name CMP
Larsen & Toubro 3830.15
Kalpataru Projects 1399.50
NCC 135.65
Rail Vikas Nigam 201.15
KEC International 401.55
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