Thursday 16 January 2014

L&T Hydrocarbon bags orders worth Rs 1000 crore

L&T Hydrocarbon has secured new orders of Rs 1000 crore from the domestic market in its offshore and onshore business sectors.The major order is an offshore contract from the BG Exploration and Production India (BGEPIL) valued around Rs 700 crore, The contract, won against international competitive bidding, encompasses total Engineering Procurement Construction and Installation of one wellhead platform and subsea pipe laying (30 Kms), spread over the Panna-Mukta fields of joint venture - ONGC-RIL-BGEPIL.

The project, part of the joint venture's strategy to boost production to meet India's rising energy demands, is scheduled to be completed by March, 2015. In addition to conventional wellhead facilities, the scope also includes installation of piggy back pipeline on the infield pipeline from an existing PPA Host Complex.

In the onshore sector, L&T Hydrocarbon has also won an additional order of Rs 300 crore for construction, from a leading refinery in India.

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