Larsen & Toubro (L&T)’s hydrocarbon business on Tuesday announced that it has bagged an offshore project for a gas compression plant worth over INR 15,000 crore in the Middle East, said the company through exchange filing.
“The Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has secured a Letter of Intent for yet another Ultra-Mega Onshore project from a prestigious client in the Middle East for a Gas Compression plant,” the company said in a statement.
The scope of work includes procurement and construction for a gas processing plant, consisting of inlet separation facilities and booster compression system, among others, in new onshore facilities and its integration with existing gas processing plants.
“This is a huge order that will not only strengthen our balance sheet but also provide impetus to our demonstrated credentials in the Hydrocarbon EPC space. We are proud of our LTEH team,” said L&T Chairman & Managing Director Mr S N Subrahmanyan.
“In the ever-evolving landscape of the oil and gas sector, twin wins for LTEH demonstrates our execution and delivering capabilities of ultra mega projects,” said Subramanian Sarma, Whole-Time Director and Senior Executive Vice President (Energy).
Larsen & Toubro is a USD 23 billion Indian multinational, which operates in over 50 countries worldwide.
