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L&T trades firm as arm lowest bidder for HPCL Rajasthan Refinery contract

According to report, L&T Hydrocarbon is the lowest bidder for HPCL Rajasthan Refinery.

L&T Hydrocarbon to list in 3 yrs
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SI Reporter Mumbai
Shares of Larsen & Toubro (L&T) traded 1 per cent higher at Rs 1,296 on the BSE on Friday in an otherwise subdued market on report that the company’s wholly-owned subsidiary, L&T Hydrocarbon (LTHE), is the lowest bidder for HPCL Rajasthan Refinery.

The stock of the construction & engineering company was trading close to its 52-week high level of Rs 1,384, touched on February 1, 2020. In comparison, the S&P BSE Sensex was down 0.25 per cent at 46,767 points, at 12:20 pm.

LTHE has emerged as the lowest bidder for HPCL Rajasthan Refinery Ltd's two engineering, procurement,