InvestorQ : How do you see the impact of the recent order that L&T has received from Hindustan Petroleum?
NISHA Nayak made post

How do you see the impact of the recent order that L&T has received from Hindustan Petroleum?

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Priyanka N answered.
3 months ago
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India’s largest engineering company, Larsen & Toubro, just secured a large engineering order from a joint venture of HPCL, estimated to be worth nearly Rs.5,000 crore. HPCL Rajasthan Refinery is a joint venture between Hindustan Petroleum and the Rajasthan state government.

The contract given to L&T is for setting up a PFCC unit with a capacity of 2.9 MMTPA at Barmer. This is not the first time because L&T has already been executing 3 projects on behalf of the HPCL plant in Visakhapatnam in the state of Andhra Pradesh. EPC in hydrocarbons has been one of the areas of specialization for L&T over the years.

The EPC division of L&T has dominated that business of executing mega projects for the oil and gas sector for the last 25 years. The contract was awarded through an international competitive bidding process on turnkey basis. L&T already has a massive order book of close to Rs.3 trillion and this is one more feather in the cap.

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