Financial Daily from THE HINDU group of publications Tuesday, Apr 18, 2006 |
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Corporate
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Announcements L&T bags fuel project at Kuwait airport Our Bureau
Mumbai , April 17
Larsen & Toubro Ltd has bagged an Engineer-Procure-Construct contract of Rs 581 crore (37.98 million Kuwait Dinar) from Kuwait Aviation Fuelling Company (KAFCO) for its new fuel depot project at Kuwait International Airport. The project won through international competitive bidding is to be completed in 24 months, described by L&T as a stringent time frame. KAFCO is a subsidiary of Kuwait Petroleum Corporation that provides aviation fuel to Kuwait International Airport and maintains the fuel storage facilities in the vicinity of the airport. The new project will cater to the needs of the international airport. The project involves pumping fuel through underground pipelines from Mina Al-Ahmadi Refinery to the storage depot. Mr K.V. Rangaswami, Executive Director and Head - Construction, L&T, said, "The fuel storage facility project is yet another landmark for L&T in Kuwait and marks the company's continued involvement in major oil and gas projects in the Gulf region. L&T is well placed to contribute significantly to growth and development in the region through critical infrastructure projects."
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