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INDIA BUSINESS WORLD - APRIL 1st - APRIL 15th - 2008


L&T BAGS RS 576-CR ORDER FROM HPCL

Engineering and construction major Larsen & Toubro has said it has bagged a Rs 576-crore order from Hindustan Petroleum Corporation Ltd (HPCL). The order was bagged by L&T's Engineering and Construction Division for implementing a 200,000-tonne-per-annum lube oil base stock (LOBS) plant, which would enable HPCL to produce higher value-added petroleum products, the company said in a filing to BSE. HPCL intends to set up this LOBS plant as part of its quality upgradation project. Jacobs Engineering India has been retained by HPCL to provide services for project management consultancy and ExxonMobil Research and Engineering (US) is the process licensor.

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