Company braces for a lacklustre order inflow scenario in FY18
Larsen and Toubro Hydrocarbon Engineering today said it has signed a 5-year framework agreement with Shell for engineering, procurement and construction management services. "L&T Hydrocarbon Engineering, a fully-owned subsidiary of Larsen & Toubro, has signed an enterprise framework agreement with Shell Global Solutions International for providing engineering, procurement and construction management services," Larsen and Toubro said in a BSE filing. The company said the order, for five years, is for Shell projects in the Middle-East, South-East Asia and India. Larsen and Toubro (L&T), which operates in over 30 countries, is engaged in technology, engineering, construction, manufacturing and financial services.
Govt sells 1.63% as against 3% on offer; SBI emerges as a big buyer