L&T Hydrocarbon bags over ₹7,000-cr. project
L&T Hydrocarbon Engineering Ltd. (LTHE), a subsidiary of Larsen & Toubro has bagged another mega project in the Marjan Field by Saudi Aramco, worth over ₹7,000 crore. The Saudi company’s trust on LTHE’s commitment to consistent project performance and ability to put the best team of young professionals to deliver value, time and again has resulted in the award of this mega contract for oil facilities for the Marjan increment program, the company said in a statement.
The company is executing the Hasbah Gas Increment Project and other projects in the Kingdom of Saudi Arabia, including, Marjan, Safaniya, Zulf and Berri. All projects were executed through LTHE's fabrication facilities in west Asia and India.
The project scope for oil facilities for the Marjan Incremental Development Project consists of four tie-in platforms, one tie platform module, nine production deck modules (wellhead decks), 217 kilometres of subsea pipelines across 25 segments, and 145 kilometres of subsea cables across 16 segments. It also includes the replacement of existing control gears at eight existing SA Offshore platforms and tie-in to existing systems.
This award is received by the consortium of LTHE with EMAS AMC (a Subsea7 Company).
L&T shares on BSE closed down declined 1.49% to close at ₹1,433.6 in a weak Mumbai market on Thursday, valuing the company at ₹201,147 crore.
