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L&T bags $315 Mn ONGC project
Tuesday, 19 February 2008, 01:37 IST
Mumbai: Engineering and construction conglomerate Larsen and Toubro (L&T) has won a 
12.5 billion ($315 million) turnkey project from state-owned Oil and Natural Gas (ONGC) for construction and installation of offshore platforms at Mumbai High.
According to an L&T statement, the project will be completed by the end of April 2009. The firm says it will build three well platforms, sub-sea interconnecting pipelines, sub-sea cables and topside modifications for the Mumbai High South oilfield.
A company spokesperson said that its Bangalore-based subsidiary Valdel would be responsible for the engineering design. The fabrication will be partly executed at L&T's manufacturing plant at Hazira near Surat in Gujarat and partly at its plant at Sohar in Oman in the Middle East.
Source: IANS
12.5 billion ($315 million) turnkey project from state-owned Oil and Natural Gas (ONGC) for construction and installation of offshore platforms at Mumbai High.
According to an L&T statement, the project will be completed by the end of April 2009. The firm says it will build three well platforms, sub-sea interconnecting pipelines, sub-sea cables and topside modifications for the Mumbai High South oilfield.
A company spokesperson said that its Bangalore-based subsidiary Valdel would be responsible for the engineering design. The fabrication will be partly executed at L&T's manufacturing plant at Hazira near Surat in Gujarat and partly at its plant at Sohar in Oman in the Middle East.
Source: IANS