Live
- Indian startups raise $182m in funding this week
- SpaceX to launch India’s GSAT satellite
- Physics teachers told to inspire students
- Central Bank of India conducts property expo
- Siddhartha College student bags 2nd rank
- Governor expresses grief over demise of Ramamurthy Naidu
- Free coaching to be provided at BC Study Circles in 26 dists
- Previous TTD board looted pilgrims’ money, slams Bhanu
- Will order a detailed probe into TIDCO irregularities: Narayana
- Naidu all praise for Modi
L&T Hydrocarbon Engineering consortium bags two orders from Saudi Aramco
This is the fifth award for the consortium and provides for significant pipeline projects for the firms, the company said
This is the fifth award for the consortium and provides for significant pipeline projects for the firms, the company said.
Larsen & Toubro (L&T) Hydrocarbon Engineering on Tuesday said that it has, in consortium with Subsea 7, has bagged two projects from the world's largest oil company Saudi Aramco. The company, however, did not share the value of the contracts.
"The award (of projects) consists of engineering, procurement, construction and installation (EPCI) of three oil production deck manifolds and subsea pipelines in Zuluf and Berri fields of Saudi Aramco," L&T said in a BSE filing.
L&T Hydrocarbon Engineering is a wholly-owned subsidiary of Larsen & Toubro.
This is the fifth award for the consortium and provides for significant pipeline projects for the firms, the company said.
"At present, there are four offshore contracts under execution by the consortium for Saudi Aramco under the long-term agreement," it added.
Shares of L&T were trading 0.41 per cent higher Rs 1,339.45 apiece on BSE.
