You are here: Home » PTI Stories » National » News
Business Standard

Larsen arm wins Rs 1,656 cr contract from ONGC

Press Trust of India  |  New Delhi 

Engineering major (L&T) today said its wholly-owned subsidiary Hydrocarbon Engineering has won a Rs 1,656 crore contract from

"Hydrocarbon Engineering Ltd, a wholly-owned subsidiary of Larsen & Toubro, has bagged an offshore contract for the Neelam Re-Development and B173AC project from valued at 1,656 crore," the company said in a filing.

The contract encompasses engineering, procurement, construction, installation and commissioning for the project.

The scope includes one new process platform having gas processing and compression facilities, three new well head platforms, 32 km pipeline and modification work on eight existing platforms in the Neelam Field in western offshore basin in India, among others.

"The project, part of ONGC's strategy to enhance the field life and increase recovery of Neelam field, is scheduled to be completed by April 2019," the filing said.

of were trading 0.69 per cent lower at Rs 1,540.05 on

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

First Published: Mon, March 20 2017. 11:28 IST