MoneyWorks4Me

L&T's arm secures offshore contract from ONGC

28 Jan 2022 Evaluate

Larsen & Toubro’s (L&T) wholly owned subsidiary -- L&T Hydrocarbon Engineering (LTHE) has secured a contract from Oil & Natural Gas Corporation (ONGC) for the seventh development phase of their Pipeline Replacement Projects (PRP-VII). The EPCIC contract involves Engineering, Procurement, Construction, Installation and Commissioning of around 350 kms subsea pipelines and related offshore works spread out across India’s west coast offshore fields of ONGC.

This contract awarded through international competitive bidding, reposes ONGC’s confidence in LTHE’s capabilities and commitment to support ONGC in strategic Oil & Gas Sector, and contribute to India’s energy security. Organized under Offshore, Onshore, Construction Services, Modular Fabrication and Advanced Value Engineering & Technology (AdVENT) verticals, LTHE offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers. With over three decades of rich experience, the company has been setting global benchmarks in all aspects of project management, corporate governance, quality, HSE and operational excellence in the Hydrocarbon sector.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Peers
Company Name CMP
Larsen & Toubro 3860.00
Kalpataru Projects 1456.75
NCC 136.95
Rail Vikas Nigam 210.30
KEC International 407.50
View more..