-30.90 (-0.80%) L&T’s joint venture- Larsen & Toubro ATCO Saudia LLC has secured a large procure and construct contract from Sadara Chemical Company (Sadara), a joint venture of Saudi Arabian Oil Company (Saudi Aramco) and The Dow Chemical Company (Dow). The prestigious contract was won by L&T-ATCO against stiff local and international competition. The project involves procurement and construction of solution polyethylene and specialty Elastomers package in Jubail Industrial City, in the Eastern Province of Saudi Arabia, where Sadara is constructing a world scale chemical complex. The project is scheduled to be completed in 35 months.
L&T-ATCO is one among the multiple joint ventures of L&T in the high growth markets of the GCC (Gulf Corporation Council) countries. It offers electro-mechanical construction services in key segments covering Oil & Gas, hydrocarbons, petrochemicals, pipelines, power projects, water and effluent treatment plants.