L&T profits with arm bagging order from Sonatrach-Algeria

L&T profits with arm bagging order from Sonatrach-Algeria

by admin- Tuesday, February 12th, 2019 04:42:06 PM

Larsen & Toubro (L&T) is presently buying and selling at Rs. 1253.05, up by means of 7.10 factors or 0.Fifty seven% from its previous final of Rs. 1245.Ninety five at the BSE.

The scrip opened at Rs. 1245.Ninety five and has touched a high and low of Rs. 1264.05 and Rs. 1244.Sixty five respectively. So far 16063 stocks had been traded at the counter.

The BSE organization ‘A’ stock of face price Rs. 2 has touched a 52 week excessive of Rs. 1459.10 on 21-Dec-2018 and a fifty two week low of Rs. 1183.40 on 23-Oct-2018.

Last one week excessive and occasional of the scrip stood at Rs. 1320.00 and Rs. 1220.Ninety five respectively. The cutting-edge market cap of the organisation is Rs. 174760.01 crore.

The Institutions protecting inside the corporation stood at fifty eight.16%, at the same time as Non-Institutions held forty one.84%.

Larsen & Toubro’s (L&T) utterly owned subsidiary — L&T Hydrocarbon Engineering (LTHE) has received a mega order from Sonatrach-Algeria. The Engineering, Procurement, Construction and Commissioning (EPCC) agreement is to installation three Central Processing (CPF) facilities at Hassi Ba Hamou and Reg Mouaded Field (6 MMSCMD potential), Hassi Tidjerane Field (4 MMSCMD potential) and Tinerkouk Field (4 MMSCMD capacity).

The three centers are located close to every different within the Adrar province of Algeria. Process facilities consist of Separation, Compression System, Mercury Removal, Gas Dehydration, Hydrocarbon Dew Point Control and associated Offsite Et Utilities.

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