A consortium of L&T Hydrocarbon Engineering Limited (LTHE) and EMAS AMC Pte Ltd. has bagged a large contract for a project by Saudi Aramco that includes supplying offshore jackets in Zuluf, Marjan, Sfaniya, and Ribyan offshore fields of Saudi Arabia. In a statement, LTHE said it defines a “large contract” as one with a value ranging between ₹2,500 crore and ₹5,000 crore.
“It demonstrates Saudi Aramco’s trust in LTHE’s capability to deliver to a challenging schedule with excellent safety and quality performance,” said an L&T statement adding that LTHE’s fabrication facilities in Middle East and India are fully equipped to execute these challenging projects.
L&T shares on BSE closed down 1.24% to ₹1294.10 in a weak Mumbai market on Thursday.
