26-April-2024
Corporate News
 
L&T’s hydrocarbon business bags ‘major’ order worth Rs 5,000- 7,000 crore from overseas client
22-Mar-2023

Larsen & Toubro (L&T), on Tuesday, announced that it has secured multiple offshore packaged from an overseas client. In an exchange filing, the company said that it has won major contracts in the range of Rs 5,000- Rs 7,000 crore for its hydrocarbon business. “The scope of work comprises engineering, procurement, construction & installation of offshore structures and upgradation of existing facilities,” it said. L&T Energy Hydrocarbon caters to the entire hydrocarbon value chain covering oil & gas processing, petroleum refining, chemicals & petrochemicals, and fertilizer sectors. The company said that it is executing several domestic and international offshore projects and is committed to building its regional presence in geographies that it operates in. The company plans to do this by “nurturing local skills and talent, improving procurement from local vendors and engaging commercially with local contractors on the foundation of a sustainable workload”.

News Source:- https://www.financialexpress.com/industry/lts-hydrocarbon-business-bags-major-order-worth-rs-5000-7000-crore-from-overseas-client/3017538/