L&T movements up as its arm baggage two EPCC contracts from IOC

L&T movements up as its arm baggage two EPCC contracts from IOC

by admin- Thursday, January 31st, 2019 04:09:49 PM

Larsen & Toubro is presently trading at Rs. 1302.05, up via 6.75 points or zero.52% from its preceding ultimate of Rs. 1295.30 on the BSE.

The scrip opened at Rs. 1301.35 and has touched a high and low of Rs. 1307.Forty five and Rs. 1298.60 respectively. So a ways 21428 stocks have been traded on the counter.

The BSE organization ‘A’ stock of face fee Rs. 2 has touched a fifty two week high of Rs. 1469.60 on 01-Feb-2018 and a fifty two week low of Rs. 1183.Forty on 23-Oct-2018.

Last one week high and occasional of the scrip stood at Rs. 1337.Forty five and Rs. 1268.00 respectively. The modern market cap of the organisation is Rs. 182726.Ninety two crore.

The Institutions and Non-Institutions held 58.16% and forty one.Eighty four% stake in the organisation, respectively.

Larsen & Toubro’s (L&T) completely-owned subsidiary — L&T Hydrocarbon Engineering (LTHE) has received sizable orders from Indian Oil Corporation (IOC).

The engineering, procurement, construction and commissioning (EPCC) contracts are for putting in place Mono Ethylene Glycol (MEG) plant and Ethylene Recovery Unit (ERU) underneath LSTK-1 Package, related Offsite and Utilities beneath LSTK-2 Package at IOCL Paradip Refinery (Odisha). MEG plant is certified by way of Scientific Design with a potential of 357 KTA even as ERU is certified by Lummus Technology (now McDermott) with a potential of a hundred and eighty KTA.

Ethylene Oxide reactor, columns and other critical system for the venture can be fabricated in residence at Larsen a Toubro’s production facilities.

News Updates