L&T Energy Hydrocarbon Onshore Signs Six-Year EPC Agreement with Petroleum Development Oman

L&T Energy Hydrocarbon Onshore has signed a six-year engineering, procurement and construction Framework Agreement with Oman's leading oil and gas company, Petroleum Development Oman (PDO), further strengthening the long-standing partnership between the two organisations.

Going by the agreement, L&T has been selected as one of four EPC contractors to participate in PDO's upcoming front-end engineering design and EPC projects over the agreement period. L&T will bring in its integrated engineering and execution capability, global expertise and innovation to support PDO's future project requirements.

L&T remains committed to supporting In-Country Value (ICV) development in Oman through opportunities for local suppliers, subcontractors and service providers, and the continued development of local capabilities.

Commenting on the development, E S Sathyanarayanan, Senior Vice President & Head - L&T Energy Hydrocarbon Onshore, said: "This Framework Agreement marks an important milestone in our long-standing association with Petroleum Development Oman. We look forward to supporting PDO's development plans through safe, innovative and sustainable project delivery, while contributing to Oman's long-term energy and economic growth objectives".

L&T Energy Hydrocarbon Onshore is one of India's largest EPC businesses, delivering integrated Lump Sum Turnkey solutions across the upstream, midstream and downstream hydrocarbon sectors. With a strong track record across global markets, it has successfully delivered refinery expansions, petrochemical complexes, gas processing plants, LNG terminals, fertiliser plants and cross-country pipeline projects.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3938.60 as compared to the previous close of Rs. 3938.45. The total number of shares traded during the day was 106691 in over 8402 trades.

The stock hit an intraday high of Rs. 3970.05 and intraday low of 3923.00. The net turnover during the day was Rs. 420674012.00.

Source : Equity Bulls

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