L&T Hydrocarbon Engineering wins significant order from Petronet LNG

L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro, has won a significant order from Petronet LNG (PLL), a joint venture company promoted by four leading PSUs viz., Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL), GAIL (India) and Bharat Petroleum Corporation (BPCL).

The contract is for Engineering, Procurement, Construction and Commissioning of two LNG Storage Tanks with a capacity of 170,000 m³ each for Phase IIIB of the Dahej Expansion Project at Dahej, Gujarat. The Project has been awarded through an international competitive bidding on Lumpsum Turnkey (LSTK) basis. The award demonstrates PLL's trust on LTHE's capability to deliver the project within a challenging schedule while ensuring excellent safety and quality performance.

LTHE is committed to being an active EPC player in achieving Government of India's target of increasing the share of natural gas in the primary energy mix from the current 6% to 15% by 2030. LTHE is also executing LNG tanks for Dhamra LNG Terminal in Orissa.

Organized under Offshore, Onshore, Construction Services, Modular Fabrication and AdVENT verticals, LTHE delivers 'design to build' engineering and construction solutions across the hydrocarbon spectrum.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 1715.5 as compared to the previous close of Rs. 1720.85. The total number of shares traded during the day was 131726 in over 7724 trades.

The stock hit an intraday high of Rs. 1741 and intraday low of 1706.15. The net turnover during the day was Rs. 226861739.

Shares of PETRONET LNG LTD. was last trading in BSE at Rs. 232.15 as compared to the previous close of Rs. 232.75. The total number of shares traded during the day was 80909 in over 1732 trades.

The stock hit an intraday high of Rs. 233.85 and intraday low of 230.1. The net turnover during the day was Rs. 18751372.

Source : Equity Bulls

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