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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
Thursday, Jun 12
11:30 Manufacturing Production (YoY) 1 0.4% 0.4% -0.8%
11:30 Industrial Production (YoY) 1 -0.3% -0.2% -0.7%
11:30 Manufacturing Production (MoM) 2 -0.9% -0.8% -0.8%
11:30 Industrial Production (MoM) 2 -0.6% -0.5% -0.7%
n/a NIESR GDP Estimate (3M) 1 0.4% 0.7% Revised from 0.6%
18:00 Producer Price Index (YoY) 2 2.6% 2.4%
18:00 Producer Price Index (MoM) 2 0.2% -0.5%
18:00 Producer Price Index ex Food & Energy (MoM) 2 0.3% -0.4%
18:00 Producer Price Index ex Food & Energy (YoY) 3 3.1% 3.1%
18:00 Initial Jobless Claims 4-week average 1 235K
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