Mumbai, January 05, 2004: L&T has secured an order valued at US$ 30 million for upgrading facilities at the Bu Hasa project of GASCO in Abu Dhabi. GASCO is engaged in gas gathering and processing in U.A.E. and is part of the ADNOC group.

L&T will be responsible for total engineering, procurement and construction (EPC) involving new compressors and related facilities including hook up to meet additional gas supplies from the Bu Hasa field development.

L&T bagged this order against competition from international EPC majors like Technip of France, Snam of Italy, Petrofac of the U.A.E. and Clough Engineering, Australia.

Mr. K. Venkataramanan, Member of the Board and President (Operations), L&T, said the order represented a major breakthrough for L&T in the onshore gas field development sector and would enable the Company to demonstrate its competencies in the field. He said L&T was also bidding for similar oil and gas projects in other GCC countries.