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Larsen & Toubro reply to clarification sought by the exchange

13 May 2015 Evaluate

The Exchange had sought clarification from Larsen & Toubro with respect to news article appearing in The Economic Times on May 12, 2015 titled ‘L&T, Hyundai Heavy Ink Pact to Build LNG Carriers’. Larsen & Toubro replied stating that they wish to inform at this stage that Larsen & Toubro Limited and Hyundai Heavy Industries have only signed a Memorandum of Understanding to enable participation in expected GAIL tender for LNG carrier. This is in anticipation of a possible retendering by GAIL to invite bids from potential ship owners for chartering of LNG carriers.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Larsen & Toubro 3620.50
Kalpataru Projects 1403.00
NCC 119.95
Rail Vikas Nigam 187.10
KEC International 349.85
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