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L&T Hydrocarbon Engineering Wins Significant Order for Cracker Furnace Project

Posted On: 2018-07-17 12:39:17

L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, has won a significant onshore EPC contract from HPCL Mittal Energy for setting up 07 (Seven) Cracker Furnaces of 1200 KTPA Dual Feed Cracker Unit (DFCU) at their Bathinda Refinery in Punjab. This unit is part of their Guru Gobind Singh Polymer Addition Project.

LTHE has won the contract through a competitive bidding process, where reputed global EPC organizations participated. The scope of work under the contract covers Project Management, Residual Engineering, procurement and supply of Cracker Furnace systems, components, auxiliaries, fabrication in modules, erection, construction and commissioning. LTHE shall use its Modular Fabrication Facilities in Hazira, Gujarat for fabrication of furnace modules.

The order reinforces LTHE's unique capability to design, engineer, fabricate, erect and commission large size units in petrochemical complexes.

The process licensor for the Cracker Unit is CB&I (now McDermott).

L&T has been serving the onshore hydrocarbon sector since early 1990s. The Company's track record includes successful completion of several challenging projects for domestic and International Clients.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1282.6 as compared to the previous close of Rs. 1294.1. The total number of shares traded during the day was 67904 in over 2504 trades.

The stock hit an intraday high of Rs. 1300 and intraday low of 1278. The net turnover during the day was Rs. 87430863.


Source: Equity Bulls

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