L&T wins another contract for its Hydrocarbon Business

The Hydrocarbon Business (L&T Energy Hydrocarbon - LTEH) of Larsen & Toubro (L&T) has secured Letter of Intent for yet another Ultra-Mega Onshore project from a prestigious client in the Middle East further to the recent Ultra-Mega project award for a Gas Compression plant.

The scope of work comprises engineering, procurement, & construction for Gas Processing Plant consisting of Inlet Separation Facilities, Booster Compression System, Amine Gas Recovery Unit, Dehydration Unit, Mercury Removal Unit, NGL Recovery Unit and Sales Gas Compression System in new onshore facilities and its integration with existing Gas Processing Plants.

Upbeat by the ultra-mega order win, L&T Chairman & Managing Director Mr S N Subrahmanyan said: "This is a huge order that will not only strengthen our balance sheet but also provides impetus to our demonstrated credentials in the Hydrocarbon EPC space. We are proud of our LTEH team."

Commenting on the recent ultra-mega award, Mr. Subramanian Sarma, Whole-Time Director and Senior Executive Vice President (Energy), said, "In the ever-evolving landscape of the oil and gas sector, this twin wins for LTEH demonstrates our execution and delivering capabilities of ultra mega projects. It drives us to constantly strive for excellence, to innovate, and to deliver solutions that exceed customer expectations."

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. 2928.80 as compared to the previous close of Rs. 2926.30. The total number of shares traded during the day was 40984 in over 3777 trades.

The stock hit an intraday high of Rs. 2952.00 and intraday low of 2909.00. The net turnover during the day was Rs. 119883918.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 LOI HydrocarbonBusiness OrderWin