The oil and Natural gas Corporation have given a “significant” project to L&T Hydrocarbon Engineering.
The engineering and construction company might have got the contract worth Rs 1000 to Rs 2500 crore.
Shares of L&T are 0.35 percent high at Rs 1,356 apiece on BSE.
The Oil and Natural Gas Corporation have given a “significant” project to L&T Hydrocarbon Engineering which is entirely owned by L&T.
The cost estimation of the total project was unknown; however, the engineering and construction company might have got the contract worth Rs 1000 to Rs 2500 crore.
The engineering, procurement, construction, installation, and commission (EPCIC) project is aimed at the development of the cluster-8 field that is a part of Mumbai High Asset which is located at a distance of 210 km to the west of Mumbai city.
L&T had got the contract through International competitive bidding. Shares of L&T are 0.35 percent high at Rs 1,356 apiece on BSE.
