Business Standard

L&T Hydrocarbon Engineering bags two orders from Indian Oil Corp


Press Trust of India New Delhi
L&T Hydrocarbon Engineering, a wholly-owned subsidiary of engineering major Larsen & Toubro, Thursday said it has won two orders from Indian Oil Corporation Ltd (IOCL).
"The engineering, procurement, construction and commissioning (EPCC) contracts are for setting up mono ethylene glycol (MEG) plant and ethylene recovery unit (ERU) IOCL Paradip Refinery (Odisha)," Larsen & Toubro said in a BSE filing.
Both the projects, awarded through international competitive bidding, are on lump sum turn key basis and shall be executed concurrently, the company added.
Larsen & Toubro, however, did not reveal the value of the orders received.
Shares of Larsen & Toubro were trading 0.48 per cent higher at Rs 1,301.55 apiece on BSE.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2019 | 10:30 AM IST

Explore News