L-;T bags significant offshore projects from overseas clients

10 Feb 2022 , 11:20 AM

Larsen and Toubro Ltd. announced that the Hydrocarbon arm of Larsen & Toubro (L&T), has secured two offshore projects from a prestigious overseas client.

The company will be carrying on Engineering, Construction, Procurement, Installation, and Commissioning work for the expansion of a marine terminal and replacement of electrical switchgear and protection equipment at existing facilities.

The Hydrocarbon arm of the company organized under Onshore, Offshore, Modular Fabrication, Construction Services, and Advanced Value Engineering & Technology (AdVENT) verticals, offers integrated design-to-build solutions to domestic and international customers. The company’s business has been thriving and setting global benchmarks in all aspects of project management, corporate governance, quality, HSE and operational excellence, with over three decades of rich experience.

L&T is currently undertaking several domestic and international offshore projects. The company is also focused to build its regional presence in geographies that it operates by improving procurement from local vendors, growing local skills and talent, and engaging commercially with local contractors on the foundation of a sustainable workload.

Larsen & Toubro is an Indian MNC engaged in EPC Projects, Hi-Tech Manufacturing and Services., operating in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over eight decades.

L&T is currently trading at Rs1,907.30 up by Rs18.2 or 0.96% from its previous closing of Rs1,889.10. The scrip opened at Rs1,906.90 and has touched day’s high and low of Rs1,910 and Rs1,880.60 respectively.