Larsen & Toubro (L&T) disclosed that it had acquired numerous offshore packages from an international client. The company claimed in an exchange filing that it had secured significant contracts for its hydrocarbon sector worth between Rs 5,000 and Rs 7,000 crore.
The statement read, “The scope of work includes engineering, procurement, construction & installation of offshore structures and upgrading of existing facilities.
The oil and gas processing, petroleum refining, chemicals and petrochemicals, and fertiliser sectors are all served by L&T Energy Hydrocarbon. The business claimed to be working on numerous domestic and foreign offshore projects and was dedicated to expanding its local footprint in the regions it serves.
The company plans to do this by “nurturing local skills and talent, improving procurement from local vendors and engaging commercially with local contractors on the foundation of a sustainable workload”.
