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Tuesday, Jan 06, 2004

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L&T bags $30-m order in UAE

Our Bureau

Mumbai , Jan. 5

LARSEN & Toubro has won an order worth $30 million from the gas gathering and processing company, GASCO in the United Arab Emirates, which is a part of the ADNOC group.

The contract is for upgrading facilities at the client company's Bu Hasa project, said a news release from L&T.

Mr K. Venkataramanan, Member of the Board and President (Operations), L&T, said the contract represented a major breakthrough for the company in the onshore gas field development sector. He said L&T is also bidding for similar oil and gas projects in other GCC countries.

L&T will be responsible for total engineering, procurement and construction involving new compressors and related facilities including hook up to meet additional gas supplies from the Bu Hasa field development.

The engineering and construction company said it bagged this order against competition from international majors like Technip of France, Snam of Italy, Petrofac of the UAE and Clough Engineering of Australia.

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