Business
L&T Hydrocarbon Arm Bags 'Mega' Contracts Worth Over Rs 7,000 Crore In Middle East
L&T (Pic Via Twitter)
Construction and engineering major Larsen & Toubro (L&T) has bagged 'mega' contracts worth at least Rs 7,000 crore for its hydrocarbon business.
Though the company has not revealed the exact value of the orders, the contracts fall under 'mega' category that exceeds the value of Rs 7,000 crore.
"The Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has recently secured multiple offshore packages from a prestigious client in the Middle East," the company said in a statement on Wednesday (5 March).
The scope of work comprises engineering, procurement, construction and installation for various new offshore facilities and integration with existing installations, it added.
Commenting on the order wins, Subramanian Sarma, whole-time director and senior executive vice president, said, “LTEH Offshore has consistently demonstrated timely project delivery deploying end-to-end capabilities, including design, fabrication, and installation of large process platforms, living quarters, subsea systems, piping and other T&I works".
"Securing these repeat orders indicate customer satisfaction and is a testimony to customer’s faith in the team's dedicated efforts towards developing and nurturing these capabilities," Sarma said.
The company said that its hydrocarbon business is executing several domestic and international offshore projects and is committed to building its regional presence in geographies that it operates in, by nurturing local skills and talent, and enhancing engagement with local vendors and contractors.
LTEH offers integrated design-to-build solutions across the hydrocarbon sector globally.
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