Shares of Larsen & Toubro Ltd have been buying and selling within the inexperienced and 1.5% larger on 9 October after the corporate introduced that its Hydrocarbon Onshore unit had obtained an ultra-mega order price greater than Rs 15,000 crore to construct a Pure Fuel Liquids (NGL) plant and associated amenities within the Center East.
L&T Power Hydrocarbon Onshore received the contract in collaboration with Consolidated Contractors Group S.A.L. (Offshore) (CCC), located in Greece.
L&T will function the consortium’s lead companion, accountable for engineering and procurement, whereas CCC will deal with development actions. The undertaking entails designing, procuring, constructing, putting in, and commissioning an NGL plant to course of Wealthy Related Fuel (RAG) and create value-added merchandise corresponding to lean gross sales fuel, ethane, propane, butane, and hydrocarbon condensate.
Commenting on the order, S.N. Subrahmanyan, Chairman & Managing Director of L&T, stated: “The ultra-mega order reaffirms L&T’s place as a trusted companion in delivering mega vitality infrastructure. It underscores our rising international footprint and skill to execute initiatives of excessive complexity in partnership with main gamers like CCC.”
Subramanian Sarma, L&T’s Deputy Managing Director and President, defined that the undertaking combines trendy engineering, difficult brownfield integration, and long-term dependability measures to extend the corporate’s contribution to international vitality safety.
L&T Power Hydrocarbon Onshore (LTEH Onshore) is one in all India’s largest EPC corporations, having a confirmed monitor report in refinery expansions, petrochemical complexes, fuel processing amenities, fertiliser items, LNG terminals, and cross-country pipelines.
At 2:40 pm, the shares of Larsen and Toubro have been buying and selling 0.92% larger at Rs 3,763.90 on NSE.
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