Shares of Larsen & Toubro (L&T) have been buying and selling within the inexperienced and nearly 1% increased on 26 March after the corporate introduced that they’d acquired the biggest order for its offshore hydrocarbon enterprise, valued at over Rs 15,000 crore from QatarEnergy LNG.
A number one world LNG firm has awarded L&T Hydrocarbon Enterprise (L&T Power Hydrocarbon – LTEH) the contract for the North Subject Manufacturing Sustainability Offshore Compression Venture (NFPS COMP 4).
S N Subrahmanyan, Chairman & Managing Director- L&T, commented, “This prestigious undertaking strengthens our world power portfolio whereas supporting Qatar’s power safety targets. I thank QatarEnergy LNG for putting their belief in L&T to ship this advanced and strategically vital undertaking.”
As per the corporate’s regulatory submitting, the scope of the order entails the engineering, acquisition, manufacturing, set up, and commissioning of two offshore compression complexes. These complexes will probably be positioned round 80 kilometres off the northeast coast of Qatar and can embody residing quarters, flare platforms, interconnecting bridges, large offshore platforms with compression and energy era amenities, and different associated buildings.
At 12:59 pm, the shares of L&T have been buying and selling 0.05% increased at Rs 3,471.50 on NSE.
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