Engineering major L&T on Tuesday said that its hydrocarbon subsidiary will provide Engineering, Procurement and Construction Management (EPCM) services to Anglo-Dutch oil and gas firm Shell in West Asia, South East Asia and India over the next five years.
"L&T Hydrocarbon Engineering has signed an enterprise framework agreement (EFA) with Shell Global Solutions International B.V. for providing AEPCM services for Shell projects in the Middle East, South East Asia and India," said L&T in a regulatory filing to the BSE.
The subsidiary will leverage on its core strengths of engineering and project management to deliver projects for any agreement resulting from the EFA.
The company's office will be its high value engineering centre.
"The agreement is a breakthrough for our new engineering services business vertical. We will combine our engineering expertise with project and risk management skills to provide solutions to customers across the globe," said L&T Hydrocarbon Engineering Chief Executive Subramanian Sarma in a statement later.
Founded by two Danish engineers in India, the $16-billion L&T operates in 30 countries, providing technology, engineering, construction, manufacturing and financial services.