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L&T bags significant order for its hydrocarbon business from an overseas client

13 June 20232 mins read by Angel One
L&T Energy Hydrocarbon (LTEH) is executing several domestic and international offshore projects and is committed to building its regional presence in the geographies in which it operates
L&T bags significant order for its hydrocarbon business from an overseas client
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Larsen & Toubro’s (L&T) Hydrocarbon business has secured an offshore project from a prestigious overseas client. The scope of work comprises Engineering, Procurement, Construction & Installation for new offshore structures. 

L&T Energy Hydrocarbon (LTEH) is executing several domestic and international offshore projects and is committed to building its regional presence in the geographies in 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. 

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

Larsen & Toubro Ltd (L&T) is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets. L&T is headquartered in Mumbai and is counted among the world’s top five construction companies. 

On Tuesday, the shares of Larsen & Toubro closed at Rs 2354.80, up by 0.66% from its previous closing of Rs 2339.40 on the BSE. 

Today, the scrip opened at Rs 2342.20 and touched a high and low of Rs 2357.90 and Rs 2327, respectively. 

The BSE group ‘A’ stock of face value of Rs 2 has touched a 52-week high and low of Rs 2416 and Rs 1456.80, respectively. 

Last one week high and low of the scrip stood at Rs 2370.40 and Rs 2278 respectively. The current market cap of the company is Rs 330942.10 crore. 

The Institutions and Non-Institutions held 63.34% and 36.65% stake in the company respectively. 

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