Larsen & Toubro awarded by a mega EPCC project

Larsen and Toubro Hydrocarbon Engineering Limited (LTHE) on Wednesday, has been awarded a mega EPCC project by Hindustan Petroleum Corporation Limited (HPCL). LTHE is a wholly owned subsidiary of Larsen and Toubro.

The engineering, procurement, construction and commissioning (EPCC) contract is for setting up a Residue Upgradation Facility (RUF) for Visakh Refinery Modernisation Project (VRMP) at Vizag Refinery. The RUF plant is licensed by Chevron Lummus Global (CLG) with a capacity of 3.55 MMT. With the help of this plant HPCL will enable to convert the heaviest oils into high-quality Euro 6 diesel while simultaneously eliminating fuel oil production, as well as increasing feedstock and product flexibility. The unit is being implemented for the first time in India.

 Larsen & Toubro is a major technology, engineering, manufacturing, construction and financial services conglomerate, with global operations. L&T addresses needs in key sectors such as Hydrocarbon, Infrastructure, Power, Process Industries and Defence for customers in over 30 countries around the world.

 On Wednesday, the stock of Larsen & Toubro opened at Rs. 1447.00 per share and made an intraday high and low of Rs. 1448.15 and Rs. 1418.45, respectively on the BSE. The stock closed at Rs. 1430.95, down by 0.76 per cent.