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L&T Hydrocarbon Engineering Wins Order Valued Over Rs.1,600 Crores

Equity Bulls 2017-12-07 00:00:00

L&T Hydrocarbon Engineering Limited (LTHE), a wholly owned subsidiary of Engineering and Construction major, Larsen & Toubro Limited, has won an order worth over Rs. 1,600 Crores from Hindustan Petroleum Corporation Limited, Visakhapatnam Refinery.

The project is a part of HPCL Visakh Refinery Modernisation Project (VRMP) and involves Engineering, Procurement, Construction and Commissioning of 3.053 MMTPA Full Conversion Hydrocracker Project.

The order reinforces L&T's unique capability to deliver 'design to build' engineering and construction solutions across the hydrocarbon spectrum.

L&T has been serving the onshore hydrocarbon sector since early 1990s. The Company's track record includes successful completion of several challenging projects for domestic and International Clients.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1190.05 as compared to the previous close of Rs. 1207.3. The total number of shares traded during the day was 517303 in over 3815 trades.

The stock hit an intraday high of Rs. 1212 and intraday low of 1188. The net turnover during the day was Rs. 616572346.