Business Daily from THE HINDU group of publications
Thursday, Nov 09, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Alliances & Joint Ventures
Get Latest BSE Quote
L&T Modular pact with Sohar Ind

Our Bureau

Mumbai Nov. 8

Larsen & Toubro's Oman-based joint venture — L&T Modular Fabrication Yard LLC — signed an agreement with Sohar Industrial Port Co to set up the first modular fabrication facility in Oman.

L&T MFY is a joint venture with Zubair Corporation. The agreement was signed on behalf of L&T MFY by Mr K. Venkataramanan, President and member of the board of L&T, and Mr Rashad M. Al Zubair of the Zubair Corporation, in the presence of Mr A.M. Naik, Chairman and Managing Director of L&T and H E Muhammad Al Zubair, Chairman of Zubair Corporation.

Located at Sohar in north Oman, the new modular fabrication facility is expected to significantly augment the country's industrial base by manufacturing new generation products for the offshore oil and gas sector.

A company press release said fabrication of a range of complex plants including integrated decks from, Jack-up Rigs and FPSOs (Floating Production Storage & Offloading vessels) will introduce a new dimension to Oman's offerings

In addition to the GCC countries, the products made at Sohar will find markets in Africa and South Asia. The yard is spread over an area of 400,000 sq mt and will have modern facilities for heavy structural fabrication. The waterfront captive jetties will be able to accommodate ocean-going vessels of 10-12 mt draft.

More Stories on : Alliances & Joint Ventures | Shipping | Engineering | Larsen & Toubro Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Vectra to invest $61 m in Tatra plants' revamp


New-look Great Eastern Hotel to open end-2007
`Rajasthan oil fields have immense potential'
IOC's Gujarat refinery starts Euro-III petrol production
Marg Cons raises Rs 302 cr for port project
Indiabulls' share allotment
Anil Ambani co moves court against Reliance Ind
PVR bags Maharashtra projects
Supreme Ind, Petro to invest Rs 1,415 cr in Maharashtra
Bombay Rayon plans capacity expansion
Veeda Clinical, Advinus tie up for pre-clinical services
GE Energy in talks with Indian cos to set up N-plants
L&T Modular pact with Sohar Ind
Fortis Healthcare looks for national presence
Oracle to extend CRM to small, medium businesses
Kanoos to invest Rs 200 crore


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line