MoneyWorks4Me

Larsen & Toubro’s (L&T) wholly owned subsidiary -- L&T Hydrocarbon Engineering (LTHE) has won a significant order from Oil & Natural Gas Corporation (ONGC). The Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract is for development of Cluster-8 marginal field which is part of Mumbai High Asset located about 210 km to the west of Mumbai city.

The project scope includes EPCIC of three well head platforms, one bridge connected well head cum riser platform, 59 km pipelines, three of clamp-on structure and modification work on two existing platforms.

The contract has been awarded through international competitive bidding on a Lump Sum Turn Key (LSTK) basis. This award reposes ONGC's confidence in LTHE's EPCIC capabilities and LTHE's commitment to continue to support ONGC and contribute to India's energy security.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
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