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Pipavav, L&T consortium gets $170 mn order from ONGC

Pipavav Defence and Offshore Engineering Company has said its consortium with Larsen and Toubro has received an order worth $170 million from state-run Oil and Natural Gas Corporation.

Pipavav Defence and Offshore Engineering Company has said its consortium with Larsen and Toubro (L&T) has received an order worth $170 million (Rs 1,152 crore) from state-run energy major Oil and Natural Gas Corporation (ONGC).

"The contract includes survey, design, engineering, procurement, fabrication, transportation, jack-up, hook-up, testing, certification/inspections, pre-commissioning, start-up and commissioning of entire facilities," it said in a filing to the Bombay Stock Exchange.

With this, the orderbook of the company stands at Rs 12,000 crore.

Pipavav's shares were trading at Rs 55.10 apiece during the afternoon trade at BSE.