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Wednesday, March 17, 2010

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

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

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.

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

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
02:20 Fed's Hammack speech 2
03:00 Fed's Kashkari speech 2
04:31 RICS Housing Price Balance 1 2% 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
18:00 Building Permits (MoM) 1 -0.8% -3.2%
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