Friday 29 March 2024
 
»
 
»
Story

L&T wins OSC contract to build giant energy supply bases at Spark

RIYADH, April 22, 2021

India's top engineering and construction firm Larsen & Toubro (L&T) said one of its subsidiaries has secured a key contract from Dubai-based Oilfields Supply Center (OSC) to design and build one of the world’s largest energy supply bases at King Salman Energy Park (Spark) in the Saudi city of Dammam.
 
The significant contract - which is in the range of Rs1,000 to Rs2,500 crore ($142 to $355 million) was clinched by the Buildings & Factories business of Larsen & Toubro Construction from OSC Saudi, said a statement from L&T.
 
The project involves constructing industrial facilities of different sizes, an administration building, ancillary buildings, associated infrastructure and storage yards along with civil, structural, MEP (mechanical, electrical and plumbing) and architectural works. The project is scheduled to be completed in 30 months, it added.
 
On the contarct win, MV Satish, Whole Time Director & Senior Executive Vice President (Buildings), L&T, said: "We thank our client, for reposing confidence in our capability to build a project of such size and scale. This project will act as a business incubator to support the oil and gas industry in the kingdom and help accelerate industrial growth in the energy sector."
 
"It has strategic significance for L&T too, marking our future growth in such a potential-rich market like the Saudi Arabia," he added.-TradeArabia News Service



Tags:

More Construction & Real Estate Stories

calendarCalendar of Events

Ads