Larsen & Toubro (L&T) on Wednesday said that its Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) has secured a letter of intent for a mega onshore project worth above Rs 7000 crore from a prestigious client in the Middle East. “The scope of work involves engineering, procurement and construction of gas compression plants consisting of gas inlet facilities, gas compression system, produced water handling, propane refrigeration system, condensate transfer and utilities for gas compression facilities in new onshore facilities and its integration with existing gas compression plants,” the company said in a regulatory filing.
To cater to the power supply requirements of the gas compression plants, 3 Nos of 230 kV extra high voltage substations will be set up by the Power Transmission & Distribution arm of L&T Construction, it further added.
L&T Chairman & Managing Director SN Subrahmanyan said, “One doesn’t get to win such an order every day. This is something unique for L&T and a matter of pride for India – for we are a true Indian multinational. This also shows our capabilities to perform and deliver on time and the enormous trust that our client has on us to manage such complex projects.”
“Earning such a large order from a reputed customer is a reflection of our consistent commitment to excellence, quality, and customer satisfaction. We are deeply honored by customer faith and will continue to deliver execution par excellence,” said Subramanian Sarma, Whole-time Director and Senior Executive Vice President (Energy).
Organized under Offshore, Onshore, Construction Services, Modular Fabrication and Advanced Value Engineering & Technology (AdVENT) verticals, LTEH offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers.
According to the company, the value of significant order is between Rs 1000 crore and Rs 2500 crore, large orders are worth Rs 2500 crore- Rs 5000 crore, major orders are in the range of Rs 5000 crore- Rs 7000 crore and mega orders are worth above Rs 7000 crore.
Larsen & Toubro is a $23 billion multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.