L&T bags mega order in Middle East

Larsen and Tourbo (L&T) on Monday said its hydrocarbon business has bagged a mega order from a client in the Middle East.

While L&T did not disclose the exact value of the contract, it counts an order as ''mega'' when it is valued between Rs 10,000-15,000 crore.

''The hydrocarbon business (L&T Energy Hydrocarbon – LTEH) of L&T has received a Letter of Intent for mega offshore order from a prestigious client in the Middle East,'' the company said in a filing to BSE.

The scope of work includes construction and installation of a new large offshore platform and brownfield work of integration with existing facilities.

''This mega order from a new customer reaffirms global acknowledgment of our capabilities and marks a key milestone for our offshore business,'' Subramanian Sarma, Whole-time Director and Senior Executive Vice President (Energy), L&T said.