Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Market Whispers
Tax Planning
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

L&T JV Company bags Saudi Aramco Contract

Posted On: 2013-06-05 10:51:15

A Joint Venture Company of L&T - Larsen Toubro Arabia LLC, has achieved a major breakthrough in the Kingdom of Saudi Arabia by securing a large EPC contract from the Saudi Arabian Oil Company (Saudi Aramco). Larsen Toubro Arabia is one among multiple joint ventures of L&T in the high- growth markets of the GCC countries.

The contract is for setting up gas processing facilities, for the Midyan Gas Fields, with a capacity to treat 75 MMSCFD of gas and 4500 BPD of condensate, and the laying of over 90 km of gas and condensate product pipelines. The project is scheduled to be completed in 37 months.

The purpose of the facilities is to efficiently meet the Kingdom's energy demands in the west coast region.

The prestigious contract is part of L&T's strategic growth plan in the international hydrocarbon sector. L&T has been making significant strides in engineering and construction in the international market through its well established capabilities in the execution and delivery of turnkey solutions and services. As with all other projects being executed by the L&T Group, Midyan Project will maintain standards of health, safety & environment, engineering, procurement, project and construction management, quality and delivery that conform to Saudi Aramco standards.

The concept for the Midyan Gas Processing Facilities Project is to collect gas and process it in a modular gas plant, and export treated gas to a proposed power plant in a location approximately 90 km from Midyan.

The scope of the contract includes project management, detailed engineering, procurement, supply, fabrication, manufacturing, inspection, transportation, construction, installation, testing, mechanical completion, pre-commissioning, commissioning assistance including performance testing.

In the past, L&T has worked for establishing onshore gas processing complexes for Reliance Industries Limited at Kakinada, Cairn Energy at Barmer and gas treatment projects at Uran and Hazira for ONGC. Currently, L&T is executing two projects for PDO, Oman viz. Lekhwair Gas Field Development Project and Saih Rawl depletion project and an export gas compression facility upgrade for Dolphin Energy Limited, Qatar. With significant growth potential in the natural gas market in the Kingdom, this order is strategic from the point of view of L&T's capability to execute such projects in an extremely competitive environment.

Shares of Larsen & Toubro Ltd was last trading in BSE at Rs.1419.50, up by Rs.10.30 or 0.73%. The stock hit an intraday high of Rs.1425.40 and low of Rs.1396.05.

The total traded quantity was 1.65 lakhs compared to 2 week average of 2.73 lakhs.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Formula One Management and Tata Communications invite fans to develop a virtual reality F1® experience
PVR Ltd posts Q4 loss of Rs. 10.25 crores
HPCL FY16 net profit zooms to Rs. 4921.49 crores
SJVN Ltd Board recommends Final Dividend of Rs. 0.47
Suven Life Sciences Ltd Fixes Book Closure for 2015-16 AGM
ICRA assigns Credit Rating to Ceejay Finance Ltd
State Bank of India Board declares Dividend of Rs. 2.60
Jagatjit Industries Ltd to sell its properties to repay debt
Indoco Remedies Ltd Board recommends Dividend of Rs. 0.20 for FY16
Makers Laboratories Ltd Board recommends Dividend of Rs. 1
PVR LTD. Board recommends Dividend of Rs. 1 for 2015-16
Powerhouse Gym & Wellness Ltd calls for Board Meeting on May 30, 2016
Mohit Industries Ltd Board recommends Dividend of Rs. 1
HCL Technologies Ltd wins Prestigious AI Award
Vidhi Dyestuffs Manufacturing Ltd Board recommends Dividend of Rs. 0.20
Modern Shares & Stockbrokers Ltd Fixes Book Closure for Final Dividend & 77th AGM
Elnet Technologies Ltd Fixes Book Closure for Dividend & 25th AGM
JK Cement Ltd Commences Commercial despatches of white cement based wall putty at J.K.White, Katni
Lupin announces closure of US FDA Audits for its Mandideep and Aurangabad Facilities
Timken India Ltd Fixes Book Closure for Dividend & 29th AGM
Strides Shasun receives USFDA Approval for Metronidazole Tablets
Loyal Textile Mills Ltd Board recommends Final Dividend of Rs. 10
Renaissance Jewellery Ltd skips final dividend for FY16
Adhunik Metaliks Ltd announces resignation of director
National Peroxide Ltd Board recommends Dividend of Rs. 10 for 2015-16
Sagar Cements Ltd skips final dividend for FY16
Pritish Nandy Communications Ltd skips dividend for FY16
Zenith Birla India Ltd appoints Pritam Parshuram Dhanawade as additional director
Precision Wires India Ltd Board recommends Final Dividend of Rs. 1.25
Titagarh Wagons Ltd approves JV agreement with Matiere S A S
MEP Infrastructure Developers Ltd JV receives LOA from NHAI
Jubilant Biosys Enters into Exclusive out - Licensing Agreement with Checkpoint Therapeutics for Novel BET Inhibitors
Hathway Cable & Datacom Ltd approves proposal to merge 3 subsidiaries
Ahmedabad Steelcraft Ltd Board recommends Dividend of Rs. 0.75 for 2015-16
Hathway Cable & Datacom FY16 net loss lower at Rs. 163.13 crores
CARE Board recommends Final Dividend of Rs. 10 for FY16
Jaypee Infratech FY16 loss at Rs. 298.41 crores
CARE FY16 net profit drops to Rs. 119.60 crores
Container Corporation of India FY16 PAT falls to Rs. 781.78 crores
Tata Steel FY16 loss at Rs. 3049.32 crores
Weizmann Ltd confirms interim dividend as final dividend
Tuticorin Alkali Chemicals & Fertilisers Ltd skips dividend for FY16
Jetking Infotrain Ltd skips dividend for FY16
Tips Industries Ltd Board recommends Dividend of Rs. 1
Compucom Software Ltd Board recommends Dividend of Rs. 0.10
Bothra Metals & Alloys Ltd calls for Board Meeting on May 30, 2016
Saregama India Ltd approves scheme of arrangement
HCL Infosystems Ltd Fixes Book Closure for 2015-16 AGM
Thermax Ltd reports net profit of Rs. 275.36 crores in FY16
Lakshmi Machine Works FY16 net profit up at Rs. 226.46 crores

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2014