According L&Ts classification, the value of the said contracts lies between Rs 1,000 crore to Rs 2,500 crore.
Petronet LNG is a joint venture company promoted by four leading PSUs viz., Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL), GAIL (India) and Bharat Petroleum Corporation (BPCL).
L&T is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 30 countries worldwide. The EPC majors consolidated net profit soared 141.2% to Rs 1,556.18 crore on a 38% jump in net sales to Rs 29,334.73 crore in Q1 FY22 over Q1 FY21.
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