Larsen & Toubro secures orders worth $639 million

08 Aug 2011 Evaluate

Larsen & Toubro (L&T) has bagged two orders worth $639 million from UAE. One order is from Abu Dhabi Gas Industries (GASCO) for its Habshan-Ruwais-Shuweihat (52”/48” dia) Gas Pipeline Project. Valued at around $189 million, it involves EPC installation & commissioning of 123 KM of the pipeline to be commissioned in 24 to 26 months. L&T is presently executing several other pipeline projects in GCC countries for major clients such as ADCO, Qatar Petroleum, PDO, etc.

The other order is a $450 million EPCI project awarded to L&T Hydrocarbon’s Upstream Business Group from ADMA-OPCO, a subsidiary of ADNOC and a major producer of Oil & Gas for the UAE. The early production project Phase-1 of Nasr & Umm Lulu Field Development Projects includes four wellhead towers and a manifold tower platform, connecting bridges and associated sub-sea pipelines. L&T has in-house engineering, fabrication facilities in three locations including the GCC region at Sohar, (Oman) and its own heavy-lift and pipe-laying vessel, LTS-3000.

Besides these orders, the company has also been awarded a $250 million contract from PTTEP International, a subsidiary of PTT Public Company, Thailand for its Zawtika Development Project, Phase-1A. The project to be delivered in 24 months consists of three wellhead topsides and three jackets weighing 7000-8000 MT to be installed in a water depth of 130-150 meters. The scope also includes 21 KM of 18” subsea pipelines. The project facilities are part of an overall field development, and will be integrated with other platform facilities in the field.

PTTEP International is state-owned Oil & Gas major, and is one of the largest corporations in Thailand listed in the Fortune Global 500 companies. These orders were won against stiff international competition.

L&T is one of the few contractors in the world with complete in-house engineering, procurement, fabrication and installation capabilities in the hydrocarbon sector. All orders bagged by the company are a reinforcement of clients’ confidence in its integrated service capabilities

Larsen & Toubro Share Price

3632.00 1.40 (0.04%)
23-Dec-2024 12:57 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3632.00
Rail Vikas Nigam 432.70
NCC 284.00
KEC International 1210.00
Kalpataru Projects 1266.35
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.