L&T surges on bagging order for Hydrocarbon business
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Larsen & Toubro is currently trading at Rs. 2354.95, up by 15.55 points or 0.66% from its previous closing of Rs. 2339.40 on the BSE.
The scrip opened at Rs. 2342.20 and has touched a high and low of Rs. 2357.90 and Rs. 2327.00 respectively. So far 16743 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2416.00 on 02-May-2023 and a 52 week low of Rs. 1456.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 2370.40 and Rs. 2278.00 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.
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 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.
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.
