L&T Vitality Hydrocarbon Onshore (LTEH Onshore) will execute the undertaking on an engineering, procurement and building (EPC) foundation. The services can be developed for brand spanking new onshore installations to course of bitter fuel.
L&T’s shares had been buying and selling at Rs 4100.00 apiece on the BSE as of 9.55 AM on Monday.
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What L&T will construct
The undertaking consists of fuel inlet services, fuel compression programs, condensate and produced water dealing with programs, propane refrigeration programs and related utilities.
To satisfy the facility necessities of the fuel compression crops, L&T’s Energy Transmission & Distribution enterprise will execute two 230 kV extra-high-voltage substations.
L&T classifies orders price greater than ₹15,000 crore as “ultra-mega”. The corporate didn’t disclose the precise worth of the contract or the identify of the Center East consumer.Additionally Learn:L&T-Mitsubishi to build world’s largest APM system for Dubai’s Al Maktoum International Airport
Commenting on the undertaking, E S Sathyanarayanan, Senior Vice President & Head of L&T Vitality Hydrocarbon Onshore, mentioned: “The contract marks the beginning of a strategically vital undertaking that can add vital fuel compression capability and utility infrastructure. The undertaking attracts on our in depth expertise in executing giant and complicated hydrocarbon services and reinforces {our capability} to ship built-in options for difficult bitter fuel purposes”.
L&T’s hydrocarbon push
LTEH Onshore is one among L&T’s largest EPC companies, offering lump-sum turnkey options throughout the upstream, midstream and downstream hydrocarbon sectors.
The enterprise has executed refinery expansions, petrochemical complexes, fuel processing crops, fertiliser crops, LNG terminals and cross-country pipelines throughout completely different geographies.
The most recent undertaking combines L&T’s hydrocarbon EPC capabilities with its energy transmission and distribution enterprise, with the latter accountable for the 2 high-voltage substations.
