New Delhi: Larsen and Toubro (L&T) has won a large offshore order from Oil and Natural Gas Corporation (ONGC), the engineering company said on Wednesday.
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No contract value was disclosed. L&T places the award in its "large" bracket, which by the company's own classification covers orders valued between Rs 2,500 crore and Rs 5,000 crore. The work has gone to the company's offshore hydrocarbon arm.
"L&T Energy Hydrocarbon Offshore has secured a large offshore order from the Oil & Natural Gas Corporation (ONGC) for the Additional Development of Ratna–I (ADR I) and NLM-14 project off India's west coast," L&T said in an exchange filing.
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The award is an engineering, procurement, construction, installation and commissioning contract. Under it, L&T is to build three new wellhead platforms and one riser platform, and to lay multiple segments of subsea pipelines and cables. The scope also extends to brownfield modifications to existing offshore installations.
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