Larsen & Toubro (L&T) has won a prestigious offshore process platform contract from Gujarat State Petroleum Corporation (GSPC) valued at Rs. 1,450 crore.
GSPC awarded this offshore process cum living quarter’s platform project to L&T under international competitive bidding to meet its challenging target of production of hydrocarbon by July 2013 from KG Basin, off the East Coast of India.
This order is a second contract received by L&T from GSPC. Last year, L&T received GSPC’s first offshore wellhead platform contract for the development of Deen Dayal West Field in KG Basin.
The company made this announcement during the trading hours today, 18 May 2011.