Wednesday, July 14, 2010

L&T bags Rs.376 crore order from ONGC

Larsen and Turbo
Engineering and construction major Larsen and Turbo (L&T) Wednesday 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&T’s 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.

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