L&T Bags AED 187 Million Order from EPCL, Dubai

Larsen & Toubro Ltd (L&T) has announced that the Company has been awarded Letter of Intent from ENOC Processing Company LLC (EPCL), Dubai, U.A.E., for the mechanical erection work of the new process plants of their naphtha hydro-treated reformer project. The estimated value of the contract is AED 187.67 million(USD 51 million).

The project consists of fabrication and erection of piping, equipment and structural erection and other associated works for the new units constituting inter-connecting piping, LPG naphtha HTV / splitter unit, CCR reformer unit, diesel drying unit, LPG fractionation unit and HC flare.

The stock was trading at Rs.1915, down by Rs.4.55 or 0.24%. The stock hit an intraday high of Rs.1936 and low of Rs.1885.55. The total traded quantity was 170834 compared to 2 week average of 343669.

Source : Equity Bulls

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