Larsen & Toubro, in a post-market hours disclosure on Thursday, said its subsidiary L&T Hydrocarbon Engineering, in consortium with US-based McDermott, has bagged a contract worth ₹2,450 crore from ONGC.
L&T Hydrocarbon Engineering’s share in the order is ₹640 crore. The order is for development of ONGC’s Vashishta and S1 deepwater fields, which are situated off the east coast of India. The stock may react positively.