 "L&T Hydrocarbon Engineering secures Rs 14 bn offshore contract from ONGC")
"L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Larsen and Toubro, has signed an offshore contract for the 'Bassein Development 3 Well Platform and Pipeline Project' with Oil and Natural Gas Corporation (ONGC) valued at approximately Rs 14.83 billion," Larsen and Toubro stated in a BSE filing on Friday.
The project, part of ONGC's strategy to jointly develop three small and marginal fields/blocks under 'Bassein Development 3 Well Platform and Pipeline Project', is scheduled to be completed by May 2019.
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The stock of Larsen and Toubro was trading 0.39 per cent up at Rs 1,320.50 on the BSE.
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