Unit of L&T wins $165 million contract from Indian Oil Corp

Reuters

Sat, Feb 25, 2017, 4:41 AM

NEW DELHI (Reuters) - A unit of engineering conglomerate Larsen & Toubro has won an onshore engineering, procurement and construction (EPC) contract from Indian Oil Corp Ltd, the country's largest refiner, worth 11 billion rupees ($165 million), it said in a statement on Saturday.

L&T Hydrocarbon Engineering won the contract for setting up a 0.74 million metric tonne per annum fluidised cracking unit, including a liquefied petroleum gas treatment facility at IOCL's Bongaigaon refinery in Assam.

($1 = 66.6200 rupees)

(Reporting by Aditi Shah; Editing by Shri Navaratnam)

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