-65.00 (-1.69%) L&T’s Hydrocarbon Division has bagged a major pipeline contract with a value close to Rs 1,700 crore from Kuwait Oil Company (KOC) for Engineering, Procurement and Construction of a new 48' Crude Transit Line (TL-5) from North Kuwait to Ahmadi. The completion of the project is scheduled in the third quarter of 2020.
The order was won against stiff international competitive bidding which reinforces L&T’s unique capability to deliver design to build engineering and construction solutions across the hydrocarbon spectrum. L&T is currently executing Gathering Centre-30 (GC-30) project for Kuwait Oil Company.
Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.