L&T Wins Rs 2,100 Crore Contracts From HPCL, Reliance Industries
Infrastructure major Larsen & Toubro today said it has won a Rs 2,100 crore contract from Hindustan Petroleum Corporation Ltd. and Reliance Industries.
L&T Hydrocarbon Engineering, a wholly owned subsidiary of L&T, has secured a major EPC (engineering, procurement, construction) contract for crude distillation and vacuum distillation unit (CDU and VDU) from HPCL, Visakhapatnam Refinery, and an extension to an ongoing contract for Reliance Industries, Jamnagar, both adding to approximately 2,100 crore, L&T said in a statement.
The 9 MMTPA CDU & VDU project is a part of HPCL's Visakh Refinery Modernisation Project (VRMP) and involves engineering, procurement, construction and commissioning, it said.
The order reinforces LTHE's unique capability to deliver 'design to build' engineering and construction solutions across the hydrocarbon spectrum, it added. LTHE 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," the statement said.
Larsen & Toubro is Indian multinational firm engaged in technology, engineering, construction, manufacturing and financial services with over $17 billion in revenue.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
