L&T Technology Services, a provider of consulting and outsourced services in the engineering field, said it won a $100 million (Rs 750 cr) contract from a major US oil and gas company.
L&T Tech will be the US company’s primary engineering partner to support two of their integrated refining and chemicals manufacturing facilities in USA, it said.
The two sites covered under LTTS’ scope are integrated refining, chemical and polymer complexes and are currently among the top 10 biggest downstream sites in the U.S.
“This is a multi-year engagement with a potential value of more than USD 100 million,” it said.
“Under the five-year engagement, LTTS will provide multi-discipline plant engineering activities including site sustenance, discipline engineering and control automation support for both facilities.”
Keshab Panda, CEO & MD, L&T Technology Services said the order win is the result of the company’s focus on “multi vertical, large engagements with customer intimacy, leveraging digital and new age technologies”.
“This latest instance of a major customer awarding LTTS a large multi-year program is testimony to our global plant engineering expertise.”
“Having worked in the Oil & Gas industry for a long time, our engineers have a unique appreciation of the challenges and opportunities in the energy and chemical industry. This is a prestigious win for LTTS, and we are excited to engage with our customer to deliver value in improving operational efficiency”, he added.
L&T Technology Services Ltd L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services.
It provides consultancy, design, development and testing services in the engineering and mechanical field.
It counts 69 out of the Fortune 500 companies among its clients.
Headquartered in India, the company has over 15,900 employees across 17 global design centers.
Its parent, Larsen & Toubro, is India’s largest construction company.