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This is an archive article published on March 17, 2010

L&T bags Rs 1,000 cr project from ONGC

L&T has bagged contract for well platforms for Mumbai High North Re-development Project.

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Engineering major Larsen & Toubro (L&T) said it has bagged a project worth Rs 1,013 crore from Oil & Natural Gas Corporation (ONGC).

The company has bagged the contract for four well platforms for the Mumbai High North Re-development Project,L&T said in a filing to Bombay Stock Exchange (BSE).

The scope of the contract includes engineering,procurement and installation of these platforms,the filing said.

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The Mumbai High field has been operational since 1974 and ONGC is currently in the process of ramping up production.

Shares of L&T were trading at Rs 1,622.50 on BSE,up 1.55 per cent from its previous close.

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