Larsen & Toubro hits new all-time high on winning 2 mega offshore contracts

A consortium led by L&T Hydrocarbon Engineering has secured mega contracts for two offshore packages from a prestigious overseas client.

Shares of Larsen & Toubro (L&T) hit a new high of Rs 2,003.65, up 1.5 per cent on the BSE in Thursday’s intra-day trade after the company announced that a consortium led by L&T Hydrocarbon Engineering (LTHE) secured mega contracts (over Rs 7,000 crore) for two offshore packages from a prestigious overseas client. LTHE is a wholly-owned subsidiary of L&T. The scope of work comprises EPC for new facilities and integration with existing installations.

LTHE is currently executing several domestic and international offshore projects. Organized under Offshore, Onshore, Construction Services, Modular Fabrication and Advanced Value Engineering a Technology (AdVENT)