Larsen -; Toubro bags Offshore Packages from Overseas Clientele

12 Jan 2022 , 01:54 PM

Larsen & Toubro share spiked after its announcement of winning prestigious contracts from overseas clients. The shares are currently trading at Rs 1971.90 as against the previous closing price of Rs 1960.70. It touched a high of Rs 1983.60 after the company announced new contracts.

A consortium led by LEtT Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro has reportedly secured two offshore packages from a prestigious overseas client.

The company would be servicing Engineering, Procurement and Construction (EPC) for new facilities and integration with existing installations.
LTHE is currently executing several international as well as domestic projects. It is also devoted to build its regional presence in international geographies. It aims to achieve this by growing local skills, and talent, enhanced procurement from local vendors, engaging with local contractors on the thrust of tenable workload.

The company has been thriving for over three decades, setting global benchmarks in all aspects of project management, corporate governance, quality, HSE and operational excellence.

Larsen a Toubro is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates 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 eight decades.