L&T secures substantial offshore contract from ONGC

14 Jun 2024 CW Team

Engineering and construction conglomerate Larsen & Toubro (L&T) announced on Thursday that it has secured a significant order from the state-owned Oil and Natural Gas Corporation (ONGC). This order, classified as 'large' by L&T, indicates a contract value between Rs 25 billion and Rs 50 billion, highlighting the substantial scale and importance of the project.

L&T explained that its Hydrocarbon vertical, known as L&T Energy, has been awarded this order for the Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP). This project is situated off the west coast of India, a strategic location for oil and natural gas extraction.

The Daman Upside Development Project involves the construction and installation of wellhead platforms and associated pipelines, which are crucial components for the efficient extraction and transport of hydrocarbons. This development is expected to bolster ONGC's production capabilities and contribute significantly to India's energy sector.

L&T's successful acquisition of this order underscores its robust capabilities in executing large-scale engineering and construction projects, particularly in the energy sector. The company's extensive experience and technical expertise position it as a key player in supporting India's infrastructure and energy development goals.

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