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L&T’s arm bags order worth Rs 1,150 crore from ONGC

11 Oct 2017 Evaluate

Larsen & Toubro’s (L&T) wholly owned subsidiary-- L&T Hydrocarbon Engineering has bagged an offshore contract for the Transportation & Installation - Daman Development Project from Oil & Natural Gas Corporation (ONGC) valued at approximately Rs 1,150 crore. The Contract, won against international competitive bidding, encompasses total ‘EPCIC’ - Engineering, Procurement, Construction, Installation and Commissioning for the project.

The project, part of ONGC’s strategy to extract gas from Daman Field, is situated in the south western part of Tapti - Daman block in Mumbai Offshore, located at about 160-200 km North West direction from Mumbai city and 160 km West of Daman.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 17 billion in revenue. It operates in over 30 countries worldwide.

Larsen & Toubro Share Price

3940.00 -33.60 (-0.85%)
11-May-2026 16:59 View Price Chart
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Company Name CMP
Larsen & Toubro 3940.00
Rail Vikas Nigam 295.40
NCC 166.20
KEC International 581.65
Kalpataru Projects 1260.75
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