ABU DHABI Dolphin Energy DOL.UL has awarded a $250 million engineering, procurement and construction (EPC) contract to Larsen & Toubro (LART.NS) to upgrade a gas plant in Qatar, the United Arab Emirates-based company said on Monday.
Under the deal, Larsen & Toubro will install three new Rolls Royce Trent gas turbine compressors and related facilities at the processing plant at Ras Laffan. Completion of the project is expected in the fourth quarter of 2014.
The $136 million contract for Rolls Royce was announced in April. (Reporting by Stanley Carvahlo Writing by Daniel Fineren; Editing by Andrew Torchia)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article