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L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), has signed an MoU with NYSE-listed KBR to build modular process plants for refinery and petrochemical projects.
KBR and LTHE will collaborate to develop business opportunities and LTHE will exclusively bid for KBR’s solid acid alkylation technology, solvent de-asphalting technology and catalytic olefins technology for global projects with an emphasis on India, South East Asia, Middle East and Africa, the company said.
Subramanian Sarma, MD & CEO of LTHE said: “Through this MoU with KBR, LTHE will combine its best-in-class engineering, world-class modular fabrication facilities and core strength of project management and construction to offer safe, reliable, and optimised solutions to our customers.”
L&T shares were trading at ₹900, marginally up from Friday’s close.
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