07 February 2024
"The Hydrocarbon vertical (L&T Energy Hydrocarbon) of Larsen & Toubro (L&T) has recently secured a large onshore project from IndianOil Adani Ventures Ltd," the company said in a filing to BSE. The scope of work includes engineering, procurement, construction, and commissioning of offsite tankages, bullets and other associated facilities on lump sum turnkey basis. As per the company's classification, contracts worth INR 2,500-5,000 crore are large orders. IndianOil Adani Ventures Ltd is jointly owned by Indian Oil Corporation (IOC) and Adani Ports and SEZ (APSEZ). L&T is a USD 23 billion Indian multinational engaged in engineering, procurement and construction (EPC) projects, hi-tech manufacturing and services.
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