Larsen & Toubro-led subsidiary wins major order from Petronet LNG

The contract is for Engineering, Procurement, Construction and Commissioning of two LNG Storage Tanks.

Sep 20, 2021 03:09 IST India Infoline News Service

L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, has won a significant order from Petronet LNG (PLL), 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).

The contract is for Engineering, Procurement, Construction and Commissioning of two LNG Storage Tanks with a capacity of 170,000 m3 each for Phase IIIB of the Dahej Expansion Project at Dahej, Gujarat.

According to the filing, the Project has been awarded through an international competitive bidding on Lumpsum Turnkey (LSTK) basis. The award demonstrates PLL's trust on L THE's capability to deliver the project within a challenging schedule while ensuring excellent safety and quality performance.

LTHE is committed to being an active EPC player in achieving Government of India's target of increasing the share of natural gas in the primary energy mix from the current 6% to 15% by 2030. LTHE is also executing LNG tanks for Dhamra LNG Terminal in Orissa.

Organized under Offshore, Onshore, Construction Services, Modular Fabrication and AdVENT verticals, LTHE delivers 'design to build' engineering and constructi on solutions across the hydrocarbon spectrum.

Larsen & Toubro ended trading at Rs1,701 apiece down by Rs14.5 or 0.85% on the BSE.

Related Story

Open Free Demat Account (Rs699)