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Larsen & Toubro Bags Two Offshore Projects

Engineering conglomerate Larsen & Toubro (LT, BOM:500510) secured a “significant” order for two offshore projects from an undisclosed client.

The order covers engineering, procurement, construction, installation, and commissioning works for the expansion of a marine terminal and replacement of electrical switchgear and protection equipment at existing facilities.

While the company did not disclose the financial details of the contracts, it classifies “significant” projects as those ranging between 10 billion Indian rupees ($133.4 million) and 25 billion rupees.

Price (INR): ₹1906.45, Change: ₹+17.65, Percent Change: +0.93%

Source: 12:15Feb 10, 2022MT Newswires

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