Stock Report

L&T wins Contracts for its Hydrocarbon Business

Posted On : 2023-03-21 11:12:23( TIMEZONE : IST )

L&T wins Contracts for its Hydrocarbon Business

The Hydrocarbon Business (L&T Energy Hydrocarbon - LTEH) of Larsen & Toubro (L&T) has secured multiple offshore packages from a prestigious overseas client.

The scope of work comprises engineering, procurement, construction & installation of offshore structures and upgradation of existing facilities.

LTEH is executing several domestic and international offshore projects and is committed to building its regional presence in geographies that it operates in, by nurturing local skills and talent, improving procurement from local vendors and 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 Business has been setting global benchmarks in all facets of project management, governance, quality, health safety environment (HSE) and operational excellence.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 2178.20 as compared to the previous close of Rs. 2196.55. The total number of shares traded during the day was 38310 in over 5148 trades.

The stock hit an intraday high of Rs. 2205.10 and intraday low of 2152.25. The net turnover during the day was Rs. 83373741.00.

Source : Equity Bulls


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