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L&T bags order worth Rs 781 crore from ONGC

27 Dec 2012 Evaluate

Larsen and Toubro (L&T) has secured new contract valued over Rs 781 crore for 3 Wellhead Platforms from the Oil and Natural Gas Corporation (ONGC). The company won contract against international competitive bidding, encompasses total 'EPCI' - Engineering Procurement Construction & Installation of three wellhead platforms, spread over Heera and South Heera fields of the ONGC.

The project, part of ONGC's strategy to re-develop Heera and South Heera fields to meet India's rising energy demands, is scheduled to be completed by April, 2014. These un-manned Wellhead platforms will be connected with the nearby Heera Process Complex by subsea cables for remote operation.

Recently, L&T was awarded another contract from ONGC for B-127 Cluster 3 Wellhead Platforms Project. These contracts reiterate the long term association of ONGC with L&T in the development of offshore fields in India. The company's offshore track record includes successful completion of several challenging projects for domestic and international clients.

L&T provides complete EPC1' solutions for the offshore oil and gas industry, combining customized engineering & procurement, fast-track project management and world class fabrication & sea installation capabilities. L&T is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.

Larsen & Toubro Share Price

3939.50 -14.40 (-0.36%)
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Company Name CMP
Larsen & Toubro 3939.50
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