Engineering firm Larsen & Toubro on Monday said it has bagged two orders worth Rs 5,300 crore from state-run Oil & Natural Gas Corporation for offshore hydrocarbon projects.
Engineering firm Larsen & Toubro on Monday said it has bagged two orders worth Rs 5,300 crore from state-run Oil & Natural Gas Corporation for offshore hydrocarbon projects.
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"The company secured a turnkey order for the Mumbai High North (MHN) process platform and living quarters project, with an additional order for supply of process gas compression modules to be installed in the same complex," L&T said in a filing to the Bombay Stock Exchange (BSE).
Under the contract, L&T will be responsible for survey, engineering, procurement, installation and commissioning for major process, living quarters and twin flare platforms, all connected by bridges, it said. It said over 80,000 tons of structures, process facilities and utilities would be erected in the high seas. The projects will be completed within 33 months.
"This contract affirms L&T's capabilities as a reliable single source to execute critical projects for oil companies and hydrocarbon sector since the early 90's," L&T CMD AM Naik said.
The MHN process platform of ONGC will cater to most of the hydrocarbon production from the Mumbai High North field. It will host outgoing gas-lift pipelines and oil export lines. The platform will have a well-fluid processing capacity of 23,877 barrels of oil per day and 2.56 million standard cubic metres per day of gas, L&T further said.
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