Stock Report

L&T Energy Hydrocarbon wins mega order in Middle East

Posted On : 2023-11-20 14:36:11( TIMEZONE : IST )

L&T Energy Hydrocarbon wins mega order in Middle East

The Hydrocarbon business (L&T Energy Hydrocarbon - LTEH) of Larsen & Toubro (L&T) has received a Letter of Intent for mega Offshore order from a prestigious client in the Middle East.

The scope of work comprises engineering, procurement, construction and installation of a new large offshore platform and brownfield work of integration with existing facilities.

Commenting on the award, Mr Subramanian Sarma, Whole-time Director and Senior Executive Vice President (Energy), L&T said, "This mega order from a new customer reaffirms global acknowledgment of our capabilities and marks a key milestone for our offshore business. Our focus continues to be on enhancing competencies and leveraging opportunities arising from our core markets."

The Hydrocarbon Business is executing several domestic and international offshore projects and is committed to expanding its regional presence across adjacent and business-conducive geographies.

Organised under Offshore, Onshore EPC, Modular Fabrication, Advanced Value Engineering & Technology (AdVENT) and Offshore Wind Farm Business Groups, LTEH offers integrated design-tobuild solutions across the hydrocarbon sector to domestic and international customers. With over three decades of rich experience, LTEH 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. 3109.95 as compared to the previous close of Rs. 3049.35. The total number of shares traded during the day was 136054 in over 12582 trades.

The stock hit an intraday high of Rs. 3117.55 and intraday low of 3045.35. The net turnover during the day was Rs. 419005463.00.

Source : Equity Bulls


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