L&T's Hydrocarbon Division has bagged a major pipeline contract with a value close to Rs. 1700 Cr. from Kuwait Oil Company (KOC) for Engineering, Procurement and Construction of a new 48" Crude Transit Line (TL-5) from North Kuwait to Ahmadi.
The completion of the project is scheduled in the third quarter of 2020.
The order was won against stiff international competitive bidding which reinforces L&T's unique capability to deliver 'design to build' engineering and construction solutions across the hydrocarbon spectrum.
L&T is currently executing Gathering Centre-30 (GC-30) project for Kuwait Oil Company.
L&T has been serving the onshore hydrocarbon sector since early 1990s. The Company's track record includes successful completion of several challenging projects for domestic and International Clients.
Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1235.2 as compared to the previous close of Rs. 1226.4. The total number of shares traded during the day was 187217 in over 4329 trades.
The stock hit an intraday high of Rs. 1249.95 and intraday low of 1229.95. The net turnover during the day was Rs. 232184376.