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Leighton Holdings Limited’s (ASX:LEI) and joint venture partner Leighton Welspun contractors Private Limited in which Leighton holds a 65 per cent stake, has been awarded a $256 million project by India's Oil and Natural Gas Corporation.
The project is known as, 'the Pipeline Replacement Project 3' and follows on from the completion of project two, covering works in oil and gas fields off India's west coast.
Leighton says the contract represents, "the group's strategic initiatives to expand its business in the oil and gas sector and to continue to build its international presence."
In the first half of the 2012 financial year, Leighton reported a net profit $345 million.
