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Wednesday, July 14, 2010 (16:29:38) |
| Tags : business, L&T |
L&T bags Rs.376 crore order from ONGC
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| New Delhi, July 14: Engineering and construction major Larsen and Turbo (L&T) today said it has won an offshore rig refurbishment contract worth Rs.376 crore from state-run Oil and Natural Gas Corporation.
Floating System Business Unit, a newly formed division of L&T which offers single-point responsibility for execution of offshore drilling rigs and floating production units in both domestic and international markets, bagged the contract in an international bidding.
"L&Ts all weather ultra modern fabrication facilities at Sohar, Oman and Hazira and engineering offices of L&T-Valdel in Faridabad, Bangalore and Chennai will be supporting this venture, in addition to other L&T work centres," the company said in a regulatory statement.
On successful completion the rig will be deployed to assist and augment offshore oil and gas drilling operations in ONGC's offshore, it added. (IANS) |
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