Stock Report

L&T Energy's Hydrocarbon Division secures contracts

Posted On : 2022-06-23 11:10:52( TIMEZONE : IST )

L&T Energy's Hydrocarbon Division secures contracts

The Hydrocarbon division of L&T Energy has secured three offshore packages from a prestigious overseas client. The scope of work comprises Engineering, Procurement, Construction, and Installation for various new offshore jacket structures. L&T Energy Hydrocarbon (LTEH) has executed orders for this client in the past and repeat business is a testimony to L&T's "Execution Par Excellence" philosophy.

LTEH is executing several domestic and international offshore projects and is committed to building its regional presence in geographies that it operates by growing local skills and talent, improving procurement from local vendors, engaging commercially with local contractors on the foundation of a sustainable workload.

Organized under Offshore, Onshore, Construction Services, Modular Fabrication and Advanced Value Engineering & Technology (AdVENT) verticals, LTEH offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers. With over three decades of rich experience, the company has been setting global benchmarks in all aspects of project management, corporate governance, quality, HSE and operational excellence.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 1478.20 as compared to the previous close of Rs. 1500.65. The total number of shares traded during the day was 186288 in over 7598 trades.

The stock hit an intraday high of Rs. 1492.00 and intraday low of 1468.00. The net turnover during the day was Rs. 275263924.00.

Source : Equity Bulls


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