Larsen bags orders worth Rs 1,920 cr in hydrocarbon business

, Sep 8: Larsen & Toubro (L&T) has bagged contracts worth Rs 1,920 crore in its hydrocarbon business in the offshore and onshore segments.

"L&T Hydrocarbon Engineering, a fully-owned subsidiary of L&T, has secured orders in the offshore and onshore segments worth Rs 1,920 crore from domestic oil and gas majors," a release issued here said.

The company secured an offshore contract worth Rs 1,340 crore from Oil and Natural Gas Corporation (ONGC). The scope of the contract includes engineering, procurement, construction and installation of five wellhead platforms at the Mumbai High North field of ONGC.

The project, part of ONGC's strategy to re-develop phase-III of Mumbai High North field to enhance production from existing reservoirs, is scheduled to be completed by March 2016. In the onshore segment, L&T Hydrocarbon Engineering (LTHE) has secured a contract of Rs 580 crore from a leading company engaged in hydrocarbon downstream processing.

LTHE will carry out EPC work of a dual service cryogenic storage tank facility, suitable for liquid ethane and liquefied natural gas and engineering work for the balance of the facilities to be installed at the client's manufacturing complex, the release added.

PTI