L&T-Samsung win Rs 2117cr ONGC deal

The consortium of Larsen & Toubro (L&T) and Samsung Heavy Industries Company (SHI) has bagged a $456 million (Rs 2,117 crore) order from Oil & Natural Gas Corporation (ONGC) for the Vasai East development project to be executed within two years.

According to a release issued by L&T to the BSE today, the company will execute jobs worth around Rs 776 crore. "The company's scope includes engineering, procurement, onshore fabrication and transportation of the critical booster and high pressure compression modules. SHI will execute the balance process platform facility for the project," the release added.