-120.45 (-3.06%) Larsen & Toubro’s (L&T) wholly owned subsidiary – L&T Hydrocarbon Engineering, has secured a Contract from Oil and Natural Gas Corporation (ONGC) for their new Living Quarter (LQ) and Revamp at `NQ Complex' (NLRNC-RT2) Project. The EPCIC contract involves Engineering, Procurement, Construction, Installation and Commissioning of a new living quarter platform, `NQL Platform' of 120 men capacity, bridge (with intermediate support) to existing `NQO Complex' and major revamping / replacement of existing process systems / facilities at `NQ Complex' in ONGC's Mumbai High Asset on the West Coast of India. The above contract has been awarded through international competitive bidding on a Lump Sum Turnkey (LSTK) basis.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.