Engineering and construction conglomerate Larsen & Toubro (L&T) and US-based Gulf Interstate Engineering Company will form a joint venture company to provide project management services to hydrocarbon pipeline industry. The two companies have signed an agreement to this effect. The new venture — L&T-Gulf Pipeline Engineering Pvt Ltd — would be located at Faridabad. The joint venture company would augment L&T's offering in pipelines, support Gulf Interstate and provide end-to-end engineering and project management services to the hydrocarbon pipeline industry in India and overseas.
L&T, which provides engineering, construction and commissioning services for pipeline projects in India and overseas, has operating centres across the Gulf Cooperation Council countries and Malaysia. Established in 1953, Gulf Interstate is an international, pipeline design company. The firm is currently active in the US, Mexico, South America, Russia and the Middle-East.
No comments:
Post a Comment