Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
22 April, 2018 08:04 IST
L&T Hydrocarbon receives order from Saudi Aramco
Source: IRIS | 05 Apr, 2018, 12.52PM
Comments  |  Post Comment

L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Engineering and Construction major Larsen & Toubro (L&T), today announced an award for three Gas Production Deck Modules by Saudi Aramco. This is the fourth award for the consortium of LTHE with Subsea 7. There are three offshore contracts currently under execution by the Consortium for Saudi Aramco under the Long Term Agreement.

The project consists of engineering, procurement, fabrication, transportation, installation and commissioning of three gas production decks with a high integrity protection systems and exotic materials that will protect the plant for a life of fifty years and more. Two of the decks will be installed in Hasbah and one in Arabiyah field of Saudi Aramco.

This significant award validates Aramco's confidence in selecting LTHE's (Q,N,C,F)* offering for performance in fast-track implementation of complex offshore projects. LTHE has three fabrication yards and this project will be built at its flagship facility at Hazira, establishing a strong track-record to ''design and build'' offshore oil & gas projects. Over the past three decades, LTHE has served the offshore oil & gas industry with consistent delivery that brings Oil Majors and National Oil Companies to place repeat orders on LTHE for challenging projects.

Shares of the company gained Rs 32.65, or 2.52%, to trade at Rs 1,329.00. The total volume of shares traded was 51,796 at the BSE (12.38 p.m., Thursday).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Welspun Corp bags contract to supply water pipes in MENA region - 20-Apr-2018 10:17
TVS Motor Company launches TVS XL100 Heavy Duty 'i-Touch Start' - 20-Apr-2018 10:14
Yes Bank receives RBI approval to open overseas offices - 20-Apr-2018 10:07
Glenmark Pharma gets final nod for Clobetasol Propionate solution - 20-Apr-2018 10:03
TCS Q4 earnings grow 5.7% sequentially to Rs 69.04 bn - 20-Apr-2018 10:00
Prism Cement is now Prism Johnson - 19-Apr-2018 15:51
NACL Ind enters into strategic alliance with BioWorks - 19-Apr-2018 15:25
Ramco Systems partners with L3 MAS - 19-Apr-2018 15:21
MCX inks pact with Northern India Textiles Mills' Association - 19-Apr-2018 15:16
BP and Reliance sanction second phase of integrated KG D6 development - 19-Apr-2018 13:45
IndusInd Bank Q4 profit grows 27% to Rs 9.53 bn - 19-Apr-2018 13:40
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer