Date:09/11/2006 URL: http://www.thehindubusinessline.com/2006/11/09/stories/2006110904230300.htm

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.