Larsen and Toubro wins 1.18 billion dollars contracts from Oil and Natural Gas Corporation
Larsen & Toubro (L&T) has won two offshore platform contracts worth over Rs 5,300 crore ($1.18 billion) from Oil & Natural Gas Corporation (ONGC). The order, the single largest in the Indian hydrocarbons sector, comes to about 13% of L&T's net sales in 2008-09.
The company secured the turn key order for the Mumbai High North process platform & living quarters project, with an additional order to build three process gas compression modules in the same complex. The projects have to be completed within three years.
Hyundai, Samsung and National Projects Construction Corporation were the other bidders for the contracts.
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com
The company secured the turn key order for the Mumbai High North process platform & living quarters project, with an additional order to build three process gas compression modules in the same complex. The projects have to be completed within three years.
Hyundai, Samsung and National Projects Construction Corporation were the other bidders for the contracts.
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com
Labels: bidders, contracts, gas, hyundai, indian hydrocarbons sector, larsen and toubro wins, ongc, process gas compression, Samsung, turn key order
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