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6 months ago
Unit of L&T wins $165 million contract from Indian Oil Corp
February 25, 2017 / 9:44 AM / 6 months ago

Unit of L&T wins $165 million contract from Indian Oil Corp

A man waits at a bus-stop with an advertisement of Larsen & Toubro outside the company's manufacturing unit in Mumbai January 22, 2014.Danish Siddiqui/File Photo

NEW DELHI (Reuters) - A unit of engineering conglomerate Larsen & Toubro has won an onshore engineering, procurement and construction (EPC) contract from Indian Oil Corp Ltd, the country's largest refiner, worth 11 billion rupees ($165 million), it said in a statement on Saturday.

L&T Hydrocarbon Engineering won the contract for setting up a 0.74 million metric tonne per annum fluidised cracking unit, including a liquefied petroleum gas treatment facility at IOCL's Bongaigaon refinery in Assam.

($1 = 66.6200 rupees)

Reporting by Aditi Shah; Editing by Shri Navaratnam

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