Oman's Orpic awards $63.6m EPC deal to India's L&T
The deal entails EPC work for a pet coke handling and storage project in Sohar
Oman's Oil Refineries and Petroleum Industrial Company (ORPIC) has awarded a $63.58m (OMR24.4m) engineering, procurement, and construction (EPC) contract for a pet coke handling and storage project.
Indian contractor Larsen & Toubro (L&T) scooped the contract, which covers design, engineering, procurement, supply, construction erection, installation, and commissioning of the Sohar project.
The contractor is part owner of L&T Oman, and is an actively involved with projects in the Middle East through similar contractual agreements.
L&T Saudi Arabia, a fully owned subsidiary of L&T, also bagged an order worth $56.6m (SAR212.26m) for the construction of two 115 kV substations in Dammam from National Grid, Saudi Arabia, a subsidiary of Saudi Electricity Company.
In September 2015, L&T announced the appointment of a group president with GCC experience.
S N Subrahmanyan was appointed L&T's deputy managing director and president with effect from 1 October, 2015, putting him next in line after group executive chairman A M Naik, who retires in 2017.
Subrahmanyan, who has been a board member since 2011, was senior executive vice-president at L&T prior to the appointment.
He has spearheaded major international projects for the firm, including metros in Qatar and Saudi Arabia.