L&T gets Rs 5,076 crore-hydrocarbon order in Kuwait

Mumbai: Larsen & Toubro has bagged an order worth Kuwaiti Dinar 239.7 million (around Rs 5,076 crore) from the Kuwait Oil Company, the engineering major said Monday.

L&T arm , L&T Hydrocarbon, will execute the order that entails engineer-procure-construct work for a gathering centre for KOC, a subsidiary of Kuwait Petroleum Corporation and fully owned by the State of Kuwait.

The oil gathering unit will receive crude from the Raudhatain fields so that it can be separated into 100,000 barrel per day of crude oil, 240,000 barrel per day of water and 62.5 mmscfd of associated gas to meet the quality requirements of downstream operations, L&T said.

"The contract was won by L&T against stiff competition from European and Korean EPC majors. It represents a significant step forward in L&T's strategic growth plan in the international hydrocarbon sector," the company said in a release.

L&T has been expanding its business in the Middle East to re-risk its portfolio and make up for the slowdown in domestic orders.

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