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L&T bags mega project

Larsen & Toubro divests entire stake in L&T Infrastructure Development Projects
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Larsen & Toubro divests entire stake in L&T Infrastructure Development Projects

New Delhi: Larsen & Toubro (L&T) on Wednesday said its hydrocarbon business has bagged a mega onshore project from a client in the Middle East. While L&T did not disclose the exact value of the contract, it counts an order as ‘mega’ when it is valued above Rs 7,000 crore. The scope of work involves engineering, procurement and construction of gas compression plants consisting of gas inlet facilities, compression system for gas compression facilities in new onshore facilities and its integration with existing plants, it said in a statement. The project has been bagged by L&T Energy Hydrocarbon.

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