The power sector major Cairn India has recently awarded two huge contracts to the engineering and construction division of Larsen & Toubro (L&T) and the contracts are worth over Rs 1,300 crore. The company officials have stated that they have got the contracts for the construction of civil work and the consolidated construction work for the northern area development project located near Barmer in Rajasthan. The sources informed that the Cairn India and its joint venture partner ONGC are now getting ready for starting the oil production in that area in the year of 2009.
While talking about the new contracts that L&T has got from Cairn India, the President (Engineering & Construction Projects) & Member, Board Of Directors of L&T, Mr. K Venkataramanan said, "L&T is proud to be associated with Cairn in being able to leverage our own strengths to boost Indias needs of fuel resources. Our technology and dedicated team will be able to deliver the job, on time".
L&T has recently released a statement regarding the issue on Monday and informed that Bombay Stock Exchange about the contracts. The company said that it will operate the activities like the development of infrastructure facilities, the construction of 18 well pad structures, detailed engineering and construction of all civil and electromechanical works at the Mangala and Raageshwari fields, under the contracts. The company also stated that developing offsite infrastructure facilities, supply, installation and commissioning of 33 KVA high voltage power line system and the telecom network are also included in the contracts.
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| Posted : 1/8/2008 |
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