New Delhi [India], August 24 (ANI): Larsen & Tubro has secured an ‘ultra-mega’ gasoline compression undertaking within the Middle East price greater than Rs 15,000 crore as per an change submitting.
As per the submitting, the corporate’s engineering, procurement, and building (EPC) arm — L&T Energy Hydrocarbon Onshore (LTEH Onshore) — has signed an settlement for enterprise a gasoline compression amenities undertaking for a significant shopper within the Middle East towards a letter of award issued in FY26.
The undertaking includes the EPC of gasoline compression crops, which additional contains — gasoline inlet amenities, gasoline compression methods, condensate and produced water dealing with methods, propane refrigeration methods and all associated utilities. According to the submitting, these amenities shall be developed for brand spanking new onshore installations to course of bitter gasoline in compliance with relevant shopper requirements, codes and undertaking necessities.
‘To meet the ability necessities of the gasoline compression crops, L&T’s Power Transmission & Distribution enterprise will execute two 230 kV extra-high-voltage substations,’ the submitting reads.
LTEH Onshore provides Lump Sum Turnkey options throughout upstream, midstream and downstream hydrocarbon sectors.
Commenting on the event, E S Sathyanarayanan, Senior Vice President & Head of L&T Energy Hydrocarbon Onshore, stated, ‘The contract marks the beginning of a strategically vital undertaking that can add vital gasoline compression capability and utility infrastructure. The undertaking attracts on our intensive expertise in executing giant and sophisticated hydrocarbon amenities and reinforces {our capability} to ship built-in options for difficult bitter gasoline functions.
Earlier, LTEH Offshore secured an ‘Ultra Mega order’ price over Rs.15000 crores from a significant Middle East shopper for the event of a number of offshore amenities. It additionally secured an order valued at as much as Rs 5,000 crore, to design and construct an Automated People Mover system for Phase 1 of Dubai’s Al Maktoum International Airport partnering with Japan’s Mitsubishi Heavy Industries.
At the time of reporting, the stock was buying and selling at round Rs 4083.50 per share, down 4.55 factors or -0.11 per cent. (ANI)