Mumbai: L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro, said that it has secured a contract worth up to Rs 5,000 crore from state-run Oil & Natural Gas Corporation (ONGC) for their new living quarter (LQ) and revamp at 'NQ Complex' (NLRNC-RT2) Project. While LTHE didn't disclose the exact value of the contract, it said that the order fell in the 'large' category, which according to its project classification, covers orders worth between Rs 2,500-5,000 crore.
"The EPCIC contract involves Engineering, Procurement, Construction, Installation and Commissioning of a new living quarter platform, 'NQL Platform' of 120 men capacity, bridge (with intermediate support) to existing 'NQO Complex' and major revamping/replacement of existing process systems/facilities at 'NQ Complex' in ONGC's Mumbai High Asset on the West Coast of India," said L&T in a regulatory filing to the stock exchanges on Thursday.
The above contract has been awarded through international competitive bidding on a Lump Sum Turnkey (LSTK) basis, said L&T.
Subramanian Sarma, whole-time Director and Senior EVP (Energy), L&T Limited and CEO and MD, LTHE, said, "We have been delivering several large and mega projects for ONGC over the past decade. Our world-class fabrication facilities at Hazira (West Coast) and Kattupalli (East Coast) enable us to maximise the local content, entirely supporting the Government's Aatmanirbhar Bharat Policy."
Organised under offshore, onshore, construction services, modular fabrication and advanced value engineering and technology (AdVENT) verticals, LTHE offers integrated design to build solutions across the hydrocarbon sector to domestic and international customers.
LTHE's range of offerings include upstream, midstream and downstream segments supported by technologically advanced solutions at every phase of the project.
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