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1-min read

Larsen & Tourbo Wins Two ONGC Contracts for Work Off Mumbai Shore

The orders that fall under 'large' category have been awarded for the development of Heera Panna block and Mumbai High South field of western offshore basin near Mumbai.

PTI

Updated:June 27, 2019, 2:51 PM IST
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Larsen & Tourbo Wins Two ONGC Contracts for Work Off Mumbai Shore
File photo of L&T logo.
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New Delhi: Larsen & Toubro (L&T) Hydrocarbon Engineering on Thursday said that it has won twin orders from Oil & Natural Gas Corporation (ONGC) for work in the western offshore basin.

The engineering, procurement, construction, installation and commissioning (EPCIC) contracts awarded are for the development of Heera Panna block and Mumbai High South field of western offshore basin near Mumbai, L&T said in a BSE filing.

The company said the orders fall under "large" category which ranges between Rs 2,500 crore and Rs 5,000 crore as per its classification of contracts.

L&T Hydrocarbon Engineering is a wholly-owned subsidiary of Larsen & Toubro.

The company said these contracts have been awarded through international competitive bidding on a lump sum turn key basis.

Shares of L&T were trading 0.75 percent higher Rs 1,562.50 apiece on BSE.

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