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L&T Hydrocarbon Engineering bags Rs 2,200 crore order
Posted on 12th February 2018
L&T Hydrocarbon Engineering, a wholly-owned subsidiary of engineering giant Larsen & Toubro, has secured a Rs 2,200-crore contract from Abu Dhabi's Al Dhafra Petroleum Operations Company.

L&T Hydrocarbon Engineering has signed "a major field development EPC contract with Al Dhafra Petroleum Operations Company Ltd, Abu Dhabi, UAE, with a value in excess of Rs 2,200 crore", Larsen and Toubro stated in a BSE filing today.

Al Dhafra Petroleum is a joint venture between ADNOC and Korea National Oil Corporation (KNOC) and GS Energy, which is represented by Korean Abu Dhabi Oil Consortium (KADOC).

The scope of the contract includes engineering, procurement, construction and commissioning of flow lines, gathering facilities and pipelines to transfer crude oil and gas from Haliba fields to processing facility at Asab and installation of 132 kV and 33 kV overhead electrical transmission lines to supply power.

Larsen and Toubro was trading 1.79 per cent up at Rs 1,353.15 on BSE.

Related Companies: Larsen & Toubro Limited   

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Sebi interpretation does not permit smaller L&T buyback
Posted on 21st January 2019
Shares of Larsen & Toubro Ltd opened over 3% lower on Monday after market regulator Securities Exchange Board of India denied the company permission for its first ever share buyback plan. However, the scrip pared all the losses and was trading 0.4% higher.

The stock had opened at ₹1,275 a share, or 3.3% lower than its Friday close. At 9.56 am, L&T was trading at ₹1,324 on the BSE, up 0.44% from its previous close. The Sensex rose 0.7% to 36,652.26 points.


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