New Delhi, Jan 31 (PTI) L&T Hydrocarbon Engineering, a wholly-owned subsidiary of engineering major Larsen & Toubro, Thursday said it has won two orders from Indian Oil Corporation Ltd (IOCL). Also Read - Not Just His Dog, US President-Elect Joe Biden Will Bring His Cat to The White House Too
“The engineering, procurement, construction and commissioning (EPCC) contracts are for setting up mono ethylene glycol (MEG) plant and ethylene recovery unit (ERU)…at IOCL Paradip Refinery (Odisha),” Larsen & Toubro said in a BSE filing. Also Read - Coriander futures rise 0.19% on firm demand
Both the projects, awarded through international competitive bidding, are on lump sum turn key basis and shall be executed concurrently, the company added. Also Read - USFDA completes audit of Dr Reddy's Shreveport plant in US with zero observations
Larsen & Toubro, however, did not reveal the value of the orders received.
Shares of Larsen & Toubro were trading 0.48 per cent higher at Rs 1,301.55 apiece on BSE.
This is published unedited from the PTI feed.