L&T Hydrocarbon bags mega order from Algeria's Sonatrach to set up three CPFs
L&T Hydrocarbon Engineering Ltd, a wholly-owned subsidiary of engineering major Larsen & Toubro, Tuesday said it has won an over Rs 7,000 crore (around USD 1 billion) order from Algeria's Sonatrach for setting up three central processing facilities in that country. While the company did not disclose the value of the contract, it said it has bagged a mega order from Sonatrach and defined orders valued in excess of Rs 7,000 crore as mega orders.
"The engineering, procurement, construction and commissioning (EPCC) contract is to set up three central processing facilities (CPF)...The three facilities are located close to each other in the Adrar province of Algeria," Larsen & Toubro said in a BSE filing. The contract has been awarded through international competitive bidding on a lump sum turn key basis. Shares of Larsen & Toubro were trading 0.41 per cent higher at Rs 1,251.05 apiece on BSE.
(With inputs from agencies.)
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