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12-Feb2019

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

Larsen & Toubro (L&T) is currently trading at Rs. 1253.05, up by 7.10 points or 0.57% from its previous closing of Rs. 1245.95 on the BSE.

The scrip opened at Rs. 1245.95 and has touched a high and low of Rs. 1264.05 and Rs. 1244.65 respectively. So far 16063 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1459.10 on 21-Dec-2018 and a 52 week low of Rs. 1183.40 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1320.00 and Rs. 1220.95 respectively. The current market cap of the company is Rs. 174760.01 crore.

The Institutions holding in the company stood at 58.16%, while Non-Institutions held 41.84%.

Larsen & Toubro's (L&T) wholly owned subsidiary -- L&T Hydrocarbon Engineering (LTHE) has won a mega order from Sonatrach-Algeria. The Engineering, Procurement, Construction and Commissioning (EPCC) contract is to set up three Central Processing (CPF) facilities at Hassi Ba Hamou and Reg Mouaded Field (6 MMSCMD capacity), Hassi Tidjerane Field (4 MMSCMD capacity) and Tinerkouk Field (4 MMSCMD capacity).

The three facilities are located close to each other in the Adrar province of Algeria. Process facilities include Separation, Compression System, Mercury Removal, Gas Dehydration, Hydrocarbon Dew Point Control and associated Offsite Et Utilities.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.


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