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Mumbai, September 26, 2005: Larsen & Toubro
Electromech LLC (LTEM), Oman, an associate company of L&T, has secured
a contract from Petroleum Development Oman LLC (PDO), Oman. This
contract is for revamping and upgradation of the transmission lines
and substations in its existing oil fields in Central Oman as part
of a major infrastructure development undertaken by PDO.
The order is valued at Rs. 165 crores (US $37.15 million) and has
been bagged against stiff competition from local and international
players. The scope of work involves construction of 293 km of 132
kV overhead transmission lines interconnecting various existing
substations, construction of new transmission lines and additional
substations in the oil fields of interior Oman to expand the existing
electrical network. The work is scheduled to be completed by February
2007.
LTEM, formerly known as Zubair Kilpatrik LLC, is a recent acquisition
of L&T as part of its efforts to accelerate business in the Middle
East. The Company was a unit of Zubair Corporation, L&T's JV partners
in Larsen & Toubro (Oman) LLC (LTO), which has been operating successfully
for over a decade in Oman.
LTEM, where L&T has a shareholding of 65%, is operating with four
key Business Units, viz., MEP Services, Electrical and Instrumentation
for Oil and Gas, Engineering and Maintenance Contracts for Electrical
and Instrumentation, and Facilities Management. It will also complement
and supplement LTO in projects involving facilities management and
building utility works.
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