 "L&T Hydrocarbon Engineering bags Rs 1,150 crore contract from ONGC")
"L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Larsen and Toubro, has bagged an offshore contract for the Transportation and Installation - Daman Development project from Oil and Natural Gas Corporation (ONGC) valued at approximately Rs 1,150 crore (USD 177 million)," Larsen and Toubro stated in a BSE filing today.
The project, part of ONGC's strategy to extract gas from the Daman field, is located in the south-western part of Tapti - Daman block in the Mumbai offshore.
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The contract covers engineering, procurement, construction, installation and commissioning of the project.
Stock of Larsen and Toubro was trading 0.55 per cent up at Rs 1,149.10 on the BSE.
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