Larsen and Toubro Ltd. (L&T) announced that its hydrocarbon business had received two significant orders. The company did not disclose the exact value of the orders, but it follows the practise of classifying orders worth Rs 1,000-2,500 crore as’significant’.
L&T Energy Hydrocarbon has received two prestigious orders for its business verticals Asset Management and AdVENT (Advanced Value Engineering and Technology).
L&T Energy Hydrocarbon – Asset Management, a new business vertical in the global market for operations and maintenance (O&M) and associated services, has won its first integrated O&M contract from Vedanta Ltd.’s Cairn Oil and Gas division.
In addition, Matheson Tri Gas Inc., a subsidiary of Nippon Sanso Holdings Corp., has placed an order with L&T Energy Hydrocarbon – AdVENT for the engineering, procurement, and construction (EPC) of a hydrogen generation unit. L&T will complete the project’s EPC work within a strict 30-month timeline.