By IANS,
Mumbai : Engineering major Larsen and Toubro (L&T) Monday said it has bagged a Rs.1,400 crore oil refinery project from state-run Indian Oil Corp.
“L&T has secured a major order valued at Rs.1,400 crore from Indian Oil Corporation for a 4.17 million tonnes per annum FCC (fluidised catalytic cracker) Reactor Regenerator project of a grassroots fuel refinery at Paradip, Orissa,” said the company in a regulatory statement.
The project will be executed on a lumpsum turnkey basis. It is expected to start by July 2012, the statement said.
Shares of L&T were trading 0.89 percent higher during mid-day trade at Rs.1,650.05.
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