02-10-2022 12:52 PM | Source: Accord Fintech
L&T gains as its hydrocarbon business secures two offshore projects from overseas client
News By Tags | #3848 #317 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Larsen & Toubro is currently trading at Rs. 1906.90, up by 17.80 points or 0.94% from its previous closing of Rs. 1889.10 on the BSE.

The scrip opened at Rs. 1906.90 and has touched a high and low of Rs. 1910.00 and Rs. 1880.60 respectively. So far 24844 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2078.20 on 18-Jan-2022 and a 52 week low of Rs. 1306.40 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 1957.25 and Rs. 1847.45 respectively. The current market cap of the company is Rs. 267941.04 crore.

The Institutions and Non-Institutions holding in the company stood at 56.18% and 43.82% respectively.

Larsen & Toubro’s (L&T) Hydrocarbon business 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.

The company 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 & 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.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.