L&T wins GSPC contract in KG Basin
L&T has won a prestigious offshore process platform contract from Gujarat State Petroleum Corporation (GSPC) valued at Rs.1450 crores (US $ 317.5 million).
GSPC awarded this offshore process cum living quarters platform project to L&T under international competitive bidding to meet its challenging target of production of hydrocarbon by July, 2013 from KG Basin, off the East Coast of India.
L&T has been serving the upstream hydrocarbon sector since early ?90s and successfully executed several demanding and hallmark projects for domestic and international clients.
This order is a second contract received by L&T from GSPC. Last year L&T received GSPC?s first offshore wellhead platform contract for the development of Deen Dayal West Field in KG Basin.
Larsen & Toubro is a USD 9.8 billion technology, engineering and construction group, with global operations. It is one of the largest and most respected companies in India?s private sector.
