Business
L&T Hydrocarbon Arm Wins 'Significant' Contracts Worth Up To Rs 2,500 Crore
L&T (Pic Via Twitter)
Construction and engineering major Larsen & Toubro (L&T) on Thursday (15 December) announced that it has secured "significant" contracts worth up to Rs 2,500 crore for its Hydrocarbon business.
Though the company has not revealed the exact value of the orders, the contracts fall under 'significant' category that ranges between Rs 1,000 crore to Rs 2,500 crore.
"The Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) of L&T has secured two prestigious orders for its Asset Management and AdVENT business verticals," the company said in a statement.
"Larsen & Toubro Energy Hydrocarbon - Asset Management (LTEH-AM), a new business vertical for Operations and Maintenance (O&M) and associated services in the global market, has secured its first integrated O&M contract from Vedanta Limited, Cairn Oil & Gas division," the company said.
This five-year contract is for Integrated O&M of upstream oil and gas processing facility at Raageshwari gas terminal and associated gas well pads and south satellite fields, located in Rajasthan, it said.
Further, L&T's AdVENT business vertical has received an order for Engineering, Procurement and Construction (EPC) of a Hydrogen Generation Unit (HGU) from Matheson Tri Gas, a subsidiary of Nippon Sanso Holdings Corporation (NSHD).
"Matheson’s Global HYCO business group secured the order for this HGU from Numaligarh refinery in Assam, on a “Build – Own – Operate (BOO)” basis for 20 years with Topsoe, Denmark as the overall process licensor for the unit," the company said.
The HGU with a capacity of 95 KTPA, is an integral part of the Numaligarh Refinery Expansion Project (NREP), to expand current refining capacity from 3 to 9 MMTPA.
The EPC work of the project will be executed by L&T, under a stringent timeline of 30 months, the company said.
“These orders reaffirm L&T’s execution prowess across the hydrocarbon value chain and leadership as a one-stop solution provider which is translating into growing partnerships with global oil & gas majors. These will go a long way in growing the Indian energy sector and reduce our dependence on imports” said Subramanian Sarma, Whole-time Director & Sr. Executive Vice President (Energy) – L&T.
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