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L&T Hydrocarbon Engg bags Rs 1,150-cr mandate from ONGC

October 11, 2017 5:40 AM
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L&T Hydrocarbon Engg bags Rs 1,150-cr mandate from ONGC

L&T Hydrocarbon Engineering has secured a Rs 1,150-crore contract from ONGC pertaining to a Daman Development project.

"L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Larsen and Toubro, has bagged an offshore contract for the Transportation and Installation - Daman Development project from Oil and Natural Gas Corporation (ONGC) valued at approximately Rs 1,150 crore (USD 177 million)," Larsen and Toubro stated in a BSE filing today.

The project, part of ONGC's strategy to extract gas from the Daman field, is located in the south-western part of Tapti - Daman block in the Mumbai offshore.

The contract covers engineering, procurement, construction, installation and commissioning of the project.

Source: moneycontrol.com

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