{"id":77191,"date":"2016-07-21T11:47:24","date_gmt":"2016-07-21T11:47:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=77191"},"modified":"2016-07-21T11:47:24","modified_gmt":"2016-07-21T11:47:24","slug":"lt-hydrocarbon-led-consortium-bags-1-6-billion-order-from-aramco","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-hydrocarbon-led-consortium-bags-1-6-billion-order-from-aramco\/","title":{"rendered":"L&#038;T Hydrocarbon led consortium bags $1.6 billion order from Aramco"},"content":{"rendered":"<p>Engineering major Larsen &#038; Toubro (L&#038;T) on Thursday said L&#038;T Hydrocarbon-led consortium has bagged order worth $1.6 billion (Rs 10,757.2 crore) from oil major Saudi Aramco.<\/p>\n<p>&#8220;L&#038;T Hydrocarbon Engineering (LTHE), a fully-owned subsidiary of Larsen &#038; Toubro, in consortium with EMAS CHIYODHA Subsea (ECS), a 50:50 joint venture company owned by Ezra Holdings Ltd and Chiyoda Corporation has announced the conclusion of a large EPCI contract from Saudi Arabian oil giant Saudi Aramco,&#8221; L&#038;T said in a BSE filing.<\/p>\n<p>It further said: &#8220;The contract valued at over $1.6 billion is for development of second phase of Hasbah Offshore Gas Field situated off the coast of Saudi Arabia. LTHE&#8217;s share in the contract is 60 per cent.&#8221;<\/p>\n<p>The project is scheduled to be completed over a period of three and half years.<\/p>\n<p>Shares of L&#038;T were trading 0.60% lower at Rs 1,561.90 during afternoon trade on BSE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engineering major Larsen &#038; Toubro (L&#038;T) on Thursday said L&#038;T Hydrocarbon-led consortium has bagged order worth $1.6 billion (Rs 10,757.2 crore) from oil major Saudi Aramco. &#8220;L&#038;T Hydrocarbon Engineering (LTHE), a fully-owned subsidiary of Larsen &#038; Toubro, in consortium with EMAS CHIYODHA Subsea (ECS), a 50:50 joint venture company owned by Ezra Holdings Ltd and Chiyoda Corporation has announced the conclusion of a large EPCI contract from Saudi Arabian oil giant Saudi Aramco,&#8221; L&#038;T said in a BSE filing. It further said: &#8220;The contract valued at over $1.6 billion is for development of second phase of Hasbah Offshore Gas Field [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-77191","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/77191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=77191"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/77191\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=77191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=77191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=77191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}