L&T wins significant Offshore Order from ONGC

The L&T Energy Hydrocarbon (LTEH) vertical of Larsen & Toubro (L&T) has secured an order from the Oil & Natural Gas Corporation (ONGC) for the eighth phase of Pipeline Replacement Project (PRPVIII Group B) off India's west coast.

The order involves engineering, procurement, construction, installation & commissioning (EPCIC) of 129-km subsea pipelines and associated modification works across India's west coast offshore fields of the ONGC.

Commenting on the order win, Mr Subramanian Sarma, Whole-time Director & President - Energy, L&T, said: "This order reflects ONGC's continued confidence in L&T, and this emanates from our track record of successfully delivering complex offshore projects. This order further demonstrates L&T's unwavering commitment to India's energy requirement."

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. 3549.40 as compared to the previous close of Rs. 3565.00. The total number of shares traded during the day was 247562 in over 24478 trades.

The stock hit an intraday high of Rs. 3576.90 and intraday low of 3536.30. The net turnover during the day was Rs. 880558485.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 Energy Hydrocarbon OrderWin ONGC