Breaking News

You are here » Indian-Commodity  :  Top News  :  L&T's arm bags two orders from HURL

21-May2018

L&T's arm bags two orders from HURL

Larsen & Toubro's (L&T's) wholly owned subsidiary -- L&T Hydrocarbon Engineering (LTHE) in consortium with TechnipFMC has won two significant orders from Hindustan Urvarak and Rasayan (HURL), a joint venture company of IOCL, NTPC, CIL, FCIL and HFCL.

The engineering, procurement, construction and commissioning (EPCC) contracts are for setting up two fertilizer plants of 2,200 TPD Ammonia & 3,850 TPD Urea at Barauni (Bihar) and Sindri (Jharkhand). The plants will be based on world-renowned ammonia technology of Haldor Topsoe, Denmark and urea technology of Saipem, Italy.

LTHE scope of work, worth in excess of Rs 3,800 crore, consists of two 2,200 TPD Ammonia plants. Both the projects, awarded through international competitive bidding, are on Lump Sum Turn Key (LSTK) basis and shall be executed concurrently.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $17 billion in revenue.


Related News

View all news

Crude oil futures end lower on Friday

Crude oil futures ended lower on Friday on concerns about global energy demand. However, US prices managed to tally a gain for the week, their third in a row, as OPEC output cuts and US sanctions on Venezuela......

Gold futures finish higher on Friday

Gold futures finished higher on Friday, due to increased safe haven buying of market participants followed by subdued economic data from the euro zone, exacerbating global growth fears. Gold futures for......

Copper futures end lower on global growth concerns

Copper futures ended lower on Friday as weak European and US factory data spread gloom about the global economic outlook and strengthened the dollar. Reports showing Factory activity in the 19-country......

Top News

View all news

Infosys to enter into agreement with The House Fund II

Infosys is going to enter into an agreement with The House Fund II, L.P., an AI-focused fund targeting startups from the University of California - Berkeley, committing to invest $10.0 million.......

EID Parry receives approval for investment Rs 70 crore in PSRIPL

EID Parry (INDIA) has received approval for investment upto Rs 70 crore in the equity share capital of Parry Sugars Refinery India (PSRIPL), a wholly owned subsidiary of the Company. The Board of directors......

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......