New Delhi: L&T Hydrocarbon Engineering Ltd has won a "significant" order from Oil and Natural Gas Corp. Ltd (ONGC), the wholly owned subsidiary of engineering firm Larsen and Toubro Ltd said Friday.
The engineering and construction company, however, did not provide the exact value of the contract, but as per its project classification, the value of the contracts was in "significant" category which is valued in the range of ₹1,000 crore to ₹2,500 crore.
The engineering, procurement, construction, installation and commissioning (EPCIC) contract is for development of Cluster-8 marginal field which is part of Mumbai High Asset located about 210 km to the west of Mumbai city, L&T said in BSE filing.
L&T said the contract has been awarded through international competitive bidding on a lump sum turn key basis.
On Friday, L&T shares fell 0.95% to ₹1,338.35 apiece on the BSE while the benchmark Sensex shed 0.15% to end the day at 36,671.43 points.