Stock Report

L&T wins multiple offshore packages contract for its Hydrocarbon Business

Posted On : 2023-04-05 12:44:26( TIMEZONE : IST )

L&T wins multiple offshore packages contract for its Hydrocarbon Business

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

The scope of work comprises engineering, procurement, construction & installation for various new offshore facilities and integration with existing installations.

Commenting on the order wins, Mr. Subramanian Sarma, Whole-Time Director and Senior Executive Vice President, said, "LTEH Offshore has consistently demonstrated timely project delivery deploying end-to-end capabilities, including design, fabrication, and installation of large process platforms, living quarters, subsea systems, piping and other T&I works. Securing these repeat orders indicate customer satisfaction and is a testimony to customer's faith in the team's dedicated efforts towards developing and nurturing these capabilities."

The Business 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 & talent, and enhancing engagement with local vendors and contractors.

LTEH offers integrated design-to-build solutions across the hydrocarbon sector globally. Backed by over three decades of rich experience and extensive capabilities across the value chain, the Business has been setting global benchmarks in all aspects of project management, corporate governance, quality, health safety environment (HSE) and operational excellence.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 2170.95 as compared to the previous close of Rs. 2164.75. The total number of shares traded during the day was 28819 in over 3415 trades.

The stock hit an intraday high of Rs. 2183.50 and intraday low of 2155.55. The net turnover during the day was Rs. 62564606.00.

Source : Equity Bulls


LarsenandToubro INE018A01030 HydrocarbonBusiness OrderWin MiddleEast