It demonstrates Saudi Aramco's trust on LTHE's capability to deliver to a challenging schedule with excellent safety and quality performance.
LTHE's fabrication facilities in Middle East Et India are fully equipped to execute these challenging projects.
LTHE is a subsidiary of Larsen & Toubro and is based in Mumbai, India.
Consortium of L&T Hydrocarbon Engineering Limited (LTHE) and EMAS AMC Pte Ltd. (A Subsea7 Company) has been awarded a project by Saudi Aramco. This project consists of 28 offshore jackets in ZULUF, MARJAN, SFANIYA Et RIBYAN offshore fields of Saudi Arabia.
Larsen & Toubro Ltd is currently trading at Rs1,317.35 up by Rs7.05 or 0.54% from its previous closing of Rs1,310.30 on the BSE.
The scrip opened at Rs1,312.30 and has touched a high and low of Rs1,327.70 and Rs1,301.10 respectively. So far 5,71,605 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs1,83,868.33cr.