L&T arm bags Rs 1,100 cr contract from IOC
A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai
Larsen and Toubro Hydrocarbon Engineering on Saturday said it has bagged orders worth Rs 1,100 crore from IOC for its Bongaigaon refinery in Assam.
The orders are for IOC's Indane Maximisation project, under which it will set up a fluidised cracking unit including LPG treatment facility.
Larsen and Toubro Hydrocarbon Engineering Ltd is a wholly-owned subsidiary of engineering major L&T.
"The company has bagged an onshore EPC contract from IOC worth around Rs 1,100 crore for setting up a 0.740 MMTPA Fluidised Cracking Unit (FCU) including LPG treatment facility at their Bongaigaon refinery, Assam," it said in a BSE filing.
The contract covers extended basic engineering, detailed engineering, procurement, supply, transportation and installation, among others.
The process licensor for the Indane Maximisation (INDMAX) unit is Lummus Technology, the company said, adding that Merichem, US, is the process licensor for the LPG treatment unit.
The company said it won the contract through competitive bidding process that saw participation from global EPC organisations.
L&T, which operates in over 30 countries, is engaged in technology, engineering, construction, manufacturing and financial services.