Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Larsen and Tourbo (L&T) announced that its Hydrocarbon Business (L&T Energy Hydrocarbon - LTEH) has secured a significant onshore project from IndianOil Adani Ventures Limited. L&T defines large contracts as those worth between ₹2,500 crore and ₹5,000 crore.
In a report to BSE, the company stated that the scope of the contract includes engineering, procurement, construction, and commissioning of offsite tankages, bullets, and other related facilities on a lump sum turnkey basis. LTEH is carrying out four significant projects as part of the Indian Oil Corporation's (IOCL) P-25 expansion programme. Previously awarded projects under program-25 include the Residue Hydro Cracker Unit (RHCU), Diesel Hydrotreater (DHDT), and Reactor Regenerator Package (RR).
Organised under Offshore, Onshore EPC, Modular Fabrication, Advanced Value Engineering & Technology (AdVENT), and Offshore Wind Farm Business Groups, LTEH offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers.
Earlier in October, LTEH secured the Letter of Intent (LoI) for another "Ultra-Mega" onshore project from a prestigious client in the Middle East. "The Hydrocarbon Business (L&T Energy Hydrocarbon LTEH) of Larsen & Toubro (L&T) has secured a Letter of Intent for yet another Ultra-Mega Onshore project from a prestigious client in the Middle East further to the recent Ultra-Mega project award for a Gas Compression plant," the company said.
Also Read : Hindustan Copper metal concentrate output grows 11%; ore production up 13% in FY'24 Maruti Suzuki to invest ₹450 crore in renewable energy project
The renewable energy sector in India is facing issues with budgeting and rising expenses due to the...
Renewables 10-Jun-2024
The global steel market is facing growing concerns of a downturn as countries increasingly adopt pro...
Business 25-Feb-2025
Tata Steel Nederland is overhauling operations to improve efficiency and sustainability. The plan i...
Business 17-Apr-2025
In a significant move towards bolstering Goa's development trajectory, Prime Minister Narendra Modi...
Press Releases 06-Feb-2024
Tata Steel Limited of India will double its overall steelmaking capacity to 40 million metric tonnes...
Large Corporate 16-Jul-2024
India's steel production may face headwinds for raw material supply amidst ambitious expansion plans...
Ferrous 06-May-2024