L&T wins prestigious contracts from overseas client

The Hydrocarbon business of Larsen & Toubro (L&T), has secured two offshore projects from a prestigious overseas client.

The scope of work comprises Engineering, Procurement, Construction, Installation and Commissioning for the expansion of a marine terminal and replacement of electrical switchgear and protection equipment at existing facilities,

L&T is currently executing several domestic and international offshore projects. The company is also committed to building its regional presence in geographies that it operates by growing local skills and talent, improving procurement from local vendors, engaging commercially with local contractors on the foundation of a sustainable workload.

The Hydrocarbon business organized under Offshore, Onshore, Construction Services, Modular Fabrication and Advanced Value Engineering ft Technology (AdVENT) verticals, offers integrated design-to-build solutions to domestic and international customers. With over three decades of rich experience, the business has been setting global benchmarks in all aspects of project management, corporate governance, quality, HSE and operational excellence.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 1889.10 as compared to the previous close of Rs. 1874.40. The total number of shares traded during the day was 33720 in over 2537 trades.

The stock hit an intraday high of Rs. 1899.40 and intraday low of 1876.00. The net turnover during the day was Rs. 63665514.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 OrderWin OffshoreProjects OverseasClient HydrocarbonBusiness