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:

SKP Securities Ltd skips dividend for 2015-16
Yes Bank Ltd announces cessation of Director
Umang Dairies Ltd to consider financial results on May 12, 2016
Hinduja Foundries Ltd to consider financial results on May 9, 2016
Pincon Spirit Ltd Board recommend Bonus Issue & Final Dividend
Granules India Ltd Fixes Book Closure for Final Dividend & 25th AGM
Kellton Tech Solutions Ltd to establish its EMEA HQ in Drogheda, creating 100 jobs
Edelweiss Financial Services Ltd. assigned Credit Rating by CRISIL for Rs. 30 billion debt
Ravalgaon Sugar Farm Ltd Fixes Book Closure for 2015-16 AGM
Ambuja Cements Ltd withdraws merger proposal of Dirk India Pvt Ltd
Essel Propack Ltd Board recommends Dividend of Rs. 2.20 for 2015-16
Idea Cellular consolidated Q4 net profit slides to Rs. 575.63 crores
Asian Granito India Ltd to consider financial results on May 30, 2016
IL&FS Financial Services Ltd calls for Board Meeting on May 06, 2016
Kusam Electrical Industries Ltd appoints additional director
Balmer Lawrie Investments Ltd Board to consider Dividend for 2015-16
Reliance Capital Ltd to announce FY16 results on May 06, 2016
GlaxoSmithkline Consumer Healthcare Ltd to announce FY16 results on May 17, 2016
Excel Crop Care Ltd announces sale of Investments
Idea Cellular Ltd Board recommends Dividend of Rs. 0.60 for 2015-16
Ambuja Cements Ltd Q4 PAT lower at Rs. 303.76 crores
Granules India Ltd Board recommends Final Dividend of Rs. 0.20
Automotive Axles Ltd Board to consider Final Dividend for 2015-16
JK Paper Ltd Board to consider Dividend for 2015-16
Amulya Leasing & Finance Ltd cancels Certificate of Registration to carry on the business of a NBFC
Ceat Ltd announces appointment of Independent Director
ICRA Ltd to consider FY16 results on May 19, 2016
Wendt India Ltd Board recommends Dividend of Rs. 15
Sylph Technologies Ltd announces resignation of Company Secretary & Compliance Officer
Hindustan Construction Company FY16 loss at Rs. 318.14 crores
Jindal Photo announces resignation of Director & CFO
Vedanta Limited Fixes Book Closure for 2015-16 AGM
Nirlon Ltd Board recommends Dividend of Rs. 0.75 for 2015-16
Bombay Rayon Fashions Ltd calls for Board Meeting on May 02, 2016
Rajapalayam Mills Ltd to consider annual accounts on May 28, 2016
SER Industries Ltd announces change in Compliance Officer
Can Fin Homes Ltd Board recommends Final Dividend of Rs. 10 for 2015-16
Tril Infopark Ltd announces revision in Credit Rating
Shoppers Stop Ltd Opens Shoppers Stop store at Orion Mall, Panvel
Kopran Ltd announces resignation of Director
Dabur India Ltd approves capex of Rs. 250 crores
Tata Power Company Ltd to announce FY16 results on May 23, 2016
Hindustan Hardy Spicer Ltd Board to consider Dividend for 2015-16
Oscar Global Ltd to consider financial results on May 10, 2016
Advance PowerInfra Tech Limited announces resignation of Director
SQS India BFSI Ltd Board recommends Final Dividend of Rs. 20
Vedanta Ltd Q4 consolidated loss at Rs. 11181.26 crores
Incessant Technologies, an NIIT Technologies company, becomes a Pegasystems Inc. Systems Integrator Partner
Tata Elxsi Ltd FY16 PAT jumps to Rs. 154.81 crores
Dabur India Q4 consolidated PAT climbs to Rs. 331.93 crores

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

disclaimer copyright © 2005 - 2014