L&T will lay two new 56 inch pipelines, along with associated scraper receivers and launchers and main line isolation valve (MLIV) stations, running parallel to the existing pipeline corridor.
Mar 19, 2024
Larsen & Toubro (L&T) has revealed that its hydrocarbon business has won an order for a major onshore gas pipeline project from a client in West Asia. The company categorized the order as ‘major’, implying a value between INR 5,000 crore and INR 10,000 crore.
The multinational conglomerate did not disclose the exact value of the order, however, it stated that the scope of work involved carrying out engineering, procurement, and construction (EPC) works of two new 56 inch pipelines, along with associated scraper receivers and launchers and main line isolation valve (MLIV) stations, running parallel to the existing pipeline corridor.
Mr. Subramanian Sarma, whole-time director and senior executive vice president (Energy) at L&T, said that this was the largest cross-country pipeline EPC project awarded to the company till date, and that L&T was excited to bring its expertise to this strategic project.
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The announcement comes in the backdrop of West Asia, particularly Saudi Aramco, revisiting its capital expenditure plans. As of December 2023, L&T’s outstanding order book was at INR 4.69 trillion, with analysts estimating that 30 percent of it was from Saudi Aramco.
