New Delhi, Oct 17 (PTI) Infrastructure major Larsen & Toubro (L&T) on Thursday said it has bagged a significant order from state-owned Rashtriya Chemicals and Fertilizers Ltd for its hydrocarbon business.

The company classifies a 'significant order' as orders valued between Rs 1,000 crore and Rs 2,500 crore.

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"The hydrocarbon business of Larsen & Toubro (L&T) has secured a prestigious order under its Advent business vertical from a government of India undertaking with Navratna status and a leading fertilizers and chemicals manufacturing company in India," the company said in a filing to BSE.

The project involves License, Engineering, Procurement and Construction (L-EPC) of a fertilizer plant along with associated utilities and off-site facilities for Rashtriya Chemicals and Fertilizers Ltd (RCF) at their Thal unit in Raigad district, approximately 100 km from Mumbai.

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"We are committed to executing the L-EPC work within a strict timeline," company's Whole-Time Director and President (Energy) Subramanian Sarma said.

Larsen & Toubro is a USD 27 billion Indian multinational which operates in over 50 countries worldwide.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)