LTF

wins 'ultra-mega' order of Rs 15000 crore in Middle East - Details

L&T wins 'ultra-mega' order of Rs 15000 crore: The Hydrocarbon Onshore business (L&T Energy Hydrocarbon Onshore) of L&T has won an ultra-mega order worth over Rs 15,000 crore today, October 9, for setting up a Natural Gas Liquids plant and allied facilities in the Middle East. L&T has won the order in consortium with the Greece-headquartered Consolidated Contractors Group S.A.L. (Offshore) (CCC). Shares of Larsen & Toubro Ltd rose 1.81 per cent to Rs 3,795 on Thursday after the company announced that its Hydrocarbon Onshore business had secured an ultra-mega order. Under the consortium arrangement, L&T, as the lead partner, will be responsible for engineering and procurement; CCC will handle the construction activities.