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:

Ram Minerals and Chemicals Ltd appoints additional director
ICRA revises credit rating of International Combustion India Ltd
LIC Housing Finance Ltd announces cessation of directorship
Richway International Trade Ltd calls for Board Meeting on July 07, 2015
Kotak Mahindra Bank Ltd fixes July 9, 2015 as Record Date for Bonus Shares
Federal Bank Ltd appoints Director
Hindustan Media Ventures Ltd to announce Q1 results on July 14, 2015
HT Media Ltd to consider Q1 results on July 15, 2015
Vista Pharmaceuticals Ltd calls for Board Meeting on July 02, 2015
Oudh Sugar Mills Ltd announces change in Directorate
Deep Industries Ltd signs Rs. 278.19 crores contract with ONGC
Palred Technologies Ltd Fixes Record Date for Reduction of Share Capital
Dynamic Industries Ltd appoints additional director, CFO
India Home Loan Ltd Fixes Book Closure for 25th AGM
Manvijay Development Company Ltd Fixes Record Date for Bonus Issue
Ashiana Housing Ltd felicitated with "Bhamashah award" by the Government of Rajasthan
Apcotex Industries Ltd Fixes Book Closure for 2014-15 Dividend
Brigade Enterprises Ltd approves acquisition of property from Kansai Nerolac Paints Limited
Indergiri Finance Ltd appoints Woman Director
Alfa Ica India Ltd approves Buy-back of equity shares up to Rs. 20
HDFC Bank Ltd to announce Q1 results on July 21, 2015
NHPC LTD. announces complete Shutdown of Chutak Power Station
National Housing Bank to disburse Rs. 3 crores to India Home Loan Ltd
Vishal Kapoor resigns from Lumax Automotive Systems Ltd
Falcon Tyres Ltd announces cessation of Director
Euro Asia Exports Ltd appoints additional directors
Jindal Photo Ltd announces resignation of Director
Ashima Ltd updates on scheme of arrangement
Bajaj Finserv Ltd to consider Q1 results on July 22, 2015
Bajaj Holdings & Investment Ltd to announce Q1 results on July 23, 2015
Gammon Infrastructure Projects Ltd Updates on Indira Container Terminal Pvt. Limited
Bajaj Auto Ltd to announce Q1 results on July 23, 2015
MIC Electronics Ltd consortium emerges as lead bidder for LED streetlights projects
Shoppers Stop Ltd opens 2 Shoppers Stop Stores
Kabra Extrusiontechnik Ltd enters into 50:50 JV with Penta SRL, Italy
Federal Bank Ltd Fixes July 9, 2015 as Record Date for Bonus Issue
Ken Financial Services Ltd calls for Board Meeting on June 30, 2015
DJS Stock & Shares Ltd calls for Board Meeting on June 30, 2015
Hitachi Home & Life Solutions (India) Ltd Fixes Book Closure for 2014-15 Dividend & AGM
Biocon Ltd Fixes Book Closure for 2014-15 AGM
Shree Cement Ltd to announce FY15 results on August 05, 2015
Nexus Commodities And Technologies Ltd calls for Board Meeting on June 30, 2015
Infosys Ltd's Finacle Launches First-of-its-Kind Financial and Business Management Solution for SME Customers of Banks
Velan Hotels Ltd approves re-appointment of Managing Director
Crompton Greaves Ltd's technology to fortify electricity networks in Philippines
GTL Infrastructure Ltd clarifies on take over by lenders
Nilkamal clarifies on increase in volume
Igarashi Motors India Ltd Fixes Book Closure for Dividend & 23rd AGM
GMR Infrastructure Ltd's JV Breaks Ground for Mactan-Cebu Airport Terminal-2 in Philippines
Jarigold Textiles Ltd calls for Board Meeting on July 07, 2015

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

disclaimer copyright © 2005 - 2014