The new strategic gas export pipeline contract has been awarded through international competitive bidding on a Lump Sum Turn Key (LSTK) basis, the company said in the filing.
L&T is currently executing a new 48" Crude Transit Line (CTL) from North Kuwait to Central Mixing Manifold (CMM) located near Ahmadi (Kuwait).
Bagging this order from KOC reflects the confidence of Oil & Gas majors in L&T's capabilities to execute large projects for the Oil and Gas industry globally, the company said.
Larsen & Toubro Ltd is currently trading at Rs1,408.95 up by Rs24.9 or 1.8% from its previous closing of Rs1,384.05 on the BSE.
The scrip opened at Rs1,387 and has touched a high and low of Rs1,423.15 and Rs1,387 respectively.