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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Kisan Ratilal Choksey Shares and Securities Private Limited

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Larsen & Toubro Ltd Secures INR11 Billion Hydrocarbon Projects In GCC

Monday, 7 Oct 2013 03:31am EDT 

Larsen & Toubro Ltd announced that it has secured two projects of about INR11 billion (INR11,000 millions) value in hydrocarbon segment in UAE and Qatar. Takreer (a subsidiary of state-owned Abu Dhabi National (Oil Company-ADNOC) awarded an EPC project of a new aviation fuel terminal at Abu Dhabi International Airport for developing storage and delivery of Jet A-1 fuel. The project is scheduled to be completed in 30 months. In Qatar, L&T won an EPC contract from Dolphin Energy Limited for third party gas interconnecting facilities in Ras Laffan. The Project is scheduled to be completed in 20 months. L&T is already executing another export gas upgrade facilities project for Dolphin Energy to increase the capacity of the export gas compressors facilities from 2.2 up to 3.2 BSCFD by adding three new compression trains. 

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-17.9 -1.09%
3:55am EDT