L&T bags $315-million ONGC project

February 18th, 2008 - 4:39 pm ICT by admin  

Mumbai, Feb 18 (IANS) Engineering and construction conglomerate Larsen and Toubro Ltd (L&T) has won a Rs.12.5 billion ($315 million) turnkey project from state-owned Oil and Natural Gas Corp (ONGC) for construction and installation of offshore platforms at Mumbai High. According to an L&T statement, the project will be completed by the end of April 2009. The firm says it will build three well platforms, sub-sea interconnecting pipelines, sub-sea cables and topside modifications for the Mumbai High South oilfield.

A company spokesperson said that its Bangalore-based subsidiary Valdel would be responsible for the engineering design. The fabrication will be partly executed at L&T’s manufacturing plant at Hazira near Surat in Gujarat and partly at its plant at Sohar in Oman in the Middle East.

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