business-india-news

L&T wins contract from Saudi Aramco

New Delhi, Jan 7 : Larsen & Toubro (L&T) has won an engineering, procurement and construction (EPC) contract from a Saudi Arabian firm, Saudi Aramco, the company said Tuesday.


"Power transmission and distribution business of L&T Construction, through its fully owned subsidiary L&T Saudi Arabia LLC, has bagged a major international EPC order in Saudi Arabia from Saudi Aramco," L&T said in a statement.

"This order has been secured for the construction of 55 km of double circuit overhead transmission line and underground cabling," it added.

L&T said the aim of the project is to replace the existing electrical power supply system at the Abu Ali plants and overcome existing deficiencies to meet the future energy demand of the Berri oilfield.

The work involves detailed designing , engineering, site investigation, survey, material procurement, transportation, installation, training and mechanical completion, to be completed in 26 months.

"With significant growth potential in oil production in Saudi Arabia, the winning of this order not only comes at a most opportune time but is also strategic from the point of view of L&T's capability to execute such projects in an extremely competitive environment," S.N. Subrahmanyan, board member and senior executive vice-president L&T, said.

Larsen & Toubro Saudi Arabia LLC is one of the many joint ventures of L&T in Saudi Arabia.

--IANS (Posted on 07-01-2014)

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