L&T bags Rs 24,000 crore order from Saudi Aramco, reports suggest
According to reports, L&T will develop gas processing plant and main process units for the project.
The engineering and construction conglomerate Larsen and Toubro Ltd has bagged a mega Aramco order. Reports suggest that the company has bagged an order from Saudi Aramco's Jafurah unconventional gas development project. The contract is worth $2.9 billion or nearly Rs 24,000 crore.
According to reports, L&T will develop a gas processing plant and main process units for the project.
CNBC-TV18 is awaiting a response from the company's management.
Another package of $10 billion for the Safaniyah gas field is also underway, and bids were submitted recently for the same.
Earlier in May, L&T announced that the power transmission and distribution (PT&D) business of L&T Construction has recently secured large EPC (engineering, procurement and construction) orders in India and Saudi Arabia. The company classifies orders between Rs 2,500 crore and Rs 5,000 crore as "large orders".
In June, Larsen & Toubro, reportedly, won a significant order from the National High Speed Rail Corporation for the Mumbai-Ahmedabad High Speed Bullet Train Project.
Amit Anwani of Prabhudas Lilladher sees promising opportunities in the global hydrocarbon market for L&T.
First Published: Sept 7, 2023 9:12 AM IST
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