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Pipavav Defence and Offshore Engineering Company and Larsen and Toubro (L&T) consortium has received an order worth $170 million (Rs 1,152 crore) from state-run energy major ONGC.
“The contract includes survey, design, engineering, procurement, fabrication, transportation, jack-up, hook-up, testing, certification/inspections, pre-commissioning, start-up and commissioning of entire facilities...,” the company said in a BSE filing.
With this, the order book of the company stands at Rs 12,000 crore.
Pipavav’s shares were trading at Rs 55.10 apiece during the afternoon trade on the BSE.
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