L&T bags Rs 717-cr order from Petrobras
Engineering major Larsen & Toubro has got about Rs 717 crore contract from Petrobras' refinery project in Brazil.
By ET Bureau |
MUMBAI: Engineering major Larsen & Toubro���s heavy engineering division has got a $160 mn (about Rs 717 crore) contract from Petrobras��� refinery project in Brazil, the largest order from South America for the Mumbai-based company.
The contract is to build 10 hydrotreating reactors and 12 coke drums for Petrobas��� 2,00,000 barrels per day Northeast refinery, L&T said in a statement, adding that the contract is scheduled to be completed by 2011.
The reactors and the coke drums will be made from advanced technology steels containing chromium, molybdenum and vanadium. The contracts are in line with L&T���s recent focus on the hydrocarbon sector in the Middle East.
The engineering major has started a major expansion program at Hazira and is also building a heavy fabrication facility at Sohar in Oman.
The contract is to build 10 hydrotreating reactors and 12 coke drums for Petrobas��� 2,00,000 barrels per day Northeast refinery, L&T said in a statement, adding that the contract is scheduled to be completed by 2011.
The reactors and the coke drums will be made from advanced technology steels containing chromium, molybdenum and vanadium. The contracts are in line with L&T���s recent focus on the hydrocarbon sector in the Middle East.
The engineering major has started a major expansion program at Hazira and is also building a heavy fabrication facility at Sohar in Oman.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
