Larsen and Toubro wins order worth over Rs 2,500 crore from Kuwait Oil Company

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Infrastructure major Larsen and Toubro reported new orders worth over Rs 2,500 crore from Kuwait Oil Company (KOC).

The new contract includes construction of a new export strategic pipeline and its associated facilities that will span a distance of around 145 kilometres.

The contract has been awarded through international bidding on a Lump Sum Turnkey basis, the company said in a statement.

Lump Sum Turnkey contract is a contractual agreement in which a fixed price is agreed for the execution of project or a part of the project. Once the final development is completed, a finished functioning asset is handed over to the client.

Currently, L&T is executing a 48-inch crude transit line from North Kuwait to Central Mixing Manifold  located near Ahmadi city in Kuwait.

L&T, headquartered in Mumbai is one among the largest multinational firms and construction company in the country today with operations in more than 30 countries worldwide.

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