L&T Hydrocarbon bags order from Saudi Aramco

The shares of Larsen & Toubro were trading in green in the morning session as the company's wholly-owned subsidiary, L&T Hydrocarbon Consortium secured an EPCI order from Saudi Aramco.

L&T Hydrocarbon Engineering (LTHE) has been awarded for engineering, procurement, construction and installment (EPCI) of three Oil Production Deck Manifolds and Subsea Pipelines in Zuluf and Berri Fields of Saudi Aramco. The value of the order has not been revealed by the company.

LTHE has three fabrication yards where this project will be built at its flagship facility in Hazira, Gujarat. Currently, there are four offshore contracts to be executed by the consortium for Saudi Aramco which falls under the Long-Term Agreement.

Larsen & Toubro Limited is a technology, engineering, construction, manufacturing and financial services company. It operates in over 30 countries worldwide.

On Tuesday, the shares of L&T opened at Rs. 1342 per share as against Monday’s close of Rs. 1,334 per share. At 11:26 hours, the shares were trading at Rs. 1,340.70, up by 0.50 per cent. The intraday high was Rs. 1,348 and intraday low was at Rs. 1,336 per share on the BSE. The 52-week high was Rs. 1,469.60 and the 52-week low was at Rs. 1,183.40 per share on the BSE.

Meanwhile, the BSE Sensex was at 36,250.78 level, up by 1.11 per cent.