Stock Report

L&T wins significant order for its Hydrocarbon Business

Posted On : 2023-04-10 14:10:22( TIMEZONE : IST )

L&T wins significant order for its Hydrocarbon Business

The Hydrocarbon Business (L&T Energy Hydrocarbon - LTEH) of Larsen & Toubro (L&T) has recently secured an order under its AdVENT (Advanced Value Engineering and Technology) business vertical.

The order is for license plus engineering, procurement and construction (L - EPC) of a Technical Ammonium Nitrate (TAN) plant along with Weak Nitric Acid (WNA) plant at Gadepan, Kota, Rajasthan from Chambal Fertilisers and Chemicals Limited (CFCL), a leading fertilizer company in India.

The TAN and WNA plants, having capacities of approximately 240,000 Metric Tons (MT) p.a. and 2,10,000 MT p.a. respectively, will be built under a technology license from CASALE S.A., a privately owned Swiss Company headquartered in Lugano, Switzerland.

Organised under Offshore, Onshore, Construction Services, Modular Fabrication and AdVENT & Asset Management 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 aspects of project management, corporate governance, quality, HSE and operational excellence.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 2274.75 as compared to the previous close of Rs. 2257.00. The total number of shares traded during the day was 71752 in over 5188 trades.

The stock hit an intraday high of Rs. 2291.25 and intraday low of 2253.25. The net turnover during the day was Rs. 163301592.00.

Source : Equity Bulls


LarsenandToubro INE018A01030 HydrocarbonBusiness AdVENTBusiness OrderWin