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L&T bags Rs1,450 crore contract

L&T bags Rs1,450 crore contract
PTI
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First Published: Wed, May 18 2011. 11 12 AM IST
Updated: Wed, May 18 2011. 11 12 AM IST
Mumbai: Larsen & Toubro (L&T) on Wednesday said it had secured a contract worth Rs1,450 crore from Gujarat State Petroleum Corporation (GSPC).
“GSPC awarded this offshore process platform project to L&T under international competitive bidding to meet its challenging target of production of hydrocarbons by July, 2013, from the KG Basin, off the East Coast of India,” it said in a regulatory filing to the Bombay Stock Exchange (BSE).
The order is the second received by L&T from GSPC. Last year, the company had bagged GSPC’s first offshore wellhead platform contract for development of the Deen Dayal West Field in the KG Basin, it added.
Shares of the company were trading at Rs1,516, up 0.82% from the previous close on the BSE.
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First Published: Wed, May 18 2011. 11 12 AM IST
More Topics: L&T | Contract | GSPC | Hydrocarbons | Shares |