L&T Hydrocarbon bags Petronet LNG order
Larsen & Toubro’s hydrocarbon engineering division has won a “significant order” from Petronet NSE 0.15 % LNG as a part of its Dahej expansion project in Gujarat, the former said in a statement on Monday.
The engineering major refers to an order worth in the range of Rs 1,000 crore- Rs 2,500 crore as a “significant order.”
L&T Hydrocarbon Engineering (LTHE) will build two LNG storage tanks with a capacity of 170,000 cubic metre each for ‘Phase IIIB’ of Petronet LNG, which is a joint venture company promoted by four public sector companies-- ONGC NSE 3.15 %, Indian Oil Corporation, GAIL (India) and Bharat Petroleum Corporation NSE -0.86 %.
“The Project has been awarded through an international competitive bidding on lumpsum turnkey basis. The award demonstrates Petronet LNG’s trust on LTHE’s capability to deliver the project within a challenging schedule while ensuring excellent safety and quality performance,” the company said in the statement.
The Economic Times 20-09-2021