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L&T Hydrocarbon bags over Rs 7,000 cr order from Algeria's Sonatrach

Press Trust of India  |  New Delhi 

Hydrocarbon Engineering Ltd, a wholly-owned subsidiary of engineering & Toubro, Tuesday said it has won an over Rs 7,000 crore (around USD 1 billion) order from Algeria's for setting up three central processing facilities in that country.

While the company did not disclose the value of the contract, it said it has bagged a mega order from and defined orders valued in excess of Rs 7,000 crore as mega orders.

"The engineering, procurement, construction and commissioning (EPCC) contract is to set up three central processing facilities (CPF)...The three facilities are located close to each other in the Adrar province of Algeria," & Toubro said in a BSE filing.

The contract has been awarded through international competitive bidding on a lump sum turn key basis.

Shares of & Toubro were trading 0.41 per cent higher at Rs 1,251.05 apiece on BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 11:20 IST