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ONGC's Daman project-I: L&T on a tight schedule, ONGC to incur Rs 1000 crore loss if deadline is missed
Nov 13: L&T, which has been awarded the Daman Transportation and Installation contract is working on an extremely tight schedule of completing the project within the next five months.
8Well placed sources said that if the project is not completed by 30th April, 2018, work can only start post monsoon, and completion will have to be put off until November or December, 2018.
8The project was awarded two months later by ONGC.
8The total cost of postponement can be as high as Rs 1000 crore
8A lot, therefore, hangs on L&T's ability to deliver before this deadline.
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