L&T secures EPC contract of Rs. 1,500cr from PDO Oman - Angel Broking

Larsen & Toubro has bagged an Engineering Procurement Construction (EPC) contract worth Rs. 1,500cr for the Yibal 3rd stage depletion compression from Petroleum Development Oman LLC. The project has a schedule to be completed within 39 months.

We continue to maintain Buy rating on the stock with a target price of Rs. 1,002.

Source : Equity Bulls

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