L&T Hydrocarbon Engineering has bagged an offshore contract for Rs.1,267 crore from ONGC.

In a BSE filing Larsen and Toubro stated, “L&T Hydrocarbon Engineering, a wholly-owned subsidiary of Larsen and Toubro, has bagged an offshore contract… from Oil and Natural Gas Corporation (ONGC) valued at approximately Rs 1,267 crore (USD 194 million).”

Further, this project is part a of ONGC’s strategy to replace some of its well fluid, gas lift and water injection pipelines along with brownfield modification works.

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