L&T unit lands big Saudi debottlenecking project order

L&T unit lands big Saudi debottlenecking project order

India's top engineering and construction firm Larsen & Toubro (L&T) has announced that its heavy engineering unit has secured a significant order - in the range of Rs10 billion to Rs25 billion ($120.3 million to $300 million) - from a reputed oil and gas customer in Saudi Arabia for a major debottlenecking project. Confirming the contract, L&T said it was bagged by the group's Modification, Revamp and Upgrade (MRU) business segment, which has been focusing on the Middle East market for the last few years. L&T said it had also won an order from Saudi Arabia for delivery of Chrome-Moly-Vanadium (Cr-Mo-V) reactors for an oil project in the kingdom. The Cr-Mo-V is a low alloy ferritic steel that is used in elevated temperature environment. This order is an important milestone for MRU business in the Middle East, said L&T in its statement. The L&T heavy engineering arm has also won multiple orders in the domestic markets. These come close on the heels of L&T's major contract win in Muscat, Oman for a mixed-use project last week. The scope of work includes construction of a three-star hotel featuring 80-key hotel rooms, 101 serviced apartments, and a 23-key residential apartment and office