L&T wins Offshore Order from ONGC

The Hydrocarbon vertical (L&T Energy) of Larsen & Toubro (L&T) has secured an order from the Oil & Natural Gas Corporation (ONGC) for Daman Upside Development Project-Wellhead Platforms & Pipelines (DUDP-WP), off India's west coast.

The scope of work includes engineering, procurement, construction, installation, and commissioning of four Wellhead Platforms, 140-km Pipeline and associated Topside modifications at Tapti Daman block at a Western offshore location.

Commenting on this, Mr Subramanian Sarma, Whole-time Director & President (Energy), L&T said: "This order demonstrates ONGC's confidence in L&T forged through execution of multiple complex offshore projects and also reinforces L&T's commitment to contribute towards India's energy security".

Organised under Offshore, Onshore EPC, Modular Fabrication, Advanced Value Engineering & Technology (AdVENT) and Offshore Wind Farm Business Groups, LTEH offers integrated design-to-build 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. 3629.35 as compared to the previous close of Rs. 3600.35. The total number of shares traded during the day was 90834 in over 8921 trades.

The stock hit an intraday high of Rs. 3648.85 and intraday low of 3578.55. The net turnover during the day was Rs. 329703355.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 HydrocarbonVertical LandTEnergy OrderWin ONGC DUDPWP