Home Oil and Gas India's L&T wins Kuwait Oil Company contract worth up to $720m

India’s L&T wins Kuwait Oil Company contract worth up to $720m

Indian construction and engineering firm, Larsen & Turbo (L&T) has bagged a “large” pipeline construction contract from Kuwait Oil Company, the company revealed in a missive on Bombay bourse.

The gas export pipeline’s contract was awarded through competitive bidding on a lump-sum, turnkey basis, the contractor said. L&T classifies a “large” contract as one that is valued at $360-720m. 

“The gas pipeline and its associated facilities will be constructed in a course of 145km,” the contractor added. In Kuwait, the Indian contractor operates as Larsen & Toubro L&T Kuwait Construction, which is a joint venture (JV) of L&T and Bader Al Mulla and Brothers Co. Its ongoing projects in the Gulf state comprise a 122cm crude transit line from North Kuwait to a central mixing manifold close to Ahmadi.

The news comes after L&T introduced a technology initiative called L&T-Nxt to support its work with new technical tools such as the internet of things, artificial intelligence, and augmented reality.

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