L&T rises as its arm secures offshore contract from ONGC

Larsen & Toubro Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 500510 | NSE: LT

28 Jan 2022 Evaluate

Larsen & Toubro is currently trading at Rs. 1927.90, up by 16.70 points or 0.87% from its previous closing of Rs. 1911.20 on the BSE.

The scrip opened at Rs. 1913.55 and has touched a high and low of Rs. 1938.60 and Rs. 1911.60 respectively. So far 26189 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2078.20 on 18-Jan-2022 and a 52 week low of Rs. 1306.40 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 1957.25 and Rs. 1850.80 respectively. The current market cap of the company is Rs. 271379.68 crore.

The Institutions holding in the company stood at 56.18%, while Non-Institutions held 43.82%.

Larsen & Toubro’s (L&T) wholly owned subsidiary -- L&T Hydrocarbon Engineering (LTHE) has secured a contract from Oil & Natural Gas Corporation (ONGC) for the seventh development phase of their Pipeline Replacement Projects (PRP-VII). The EPCIC contract involves Engineering, Procurement, Construction, Installation and Commissioning of around 350 kms subsea pipelines and related offshore works spread out across India’s west coast offshore fields of ONGC.

This contract awarded through international competitive bidding, reposes ONGC’s confidence in LTHE’s capabilities and commitment to support ONGC in strategic Oil & Gas Sector, and contribute to India’s energy security. Organized under Offshore, Onshore, Construction Services, Modular Fabrication and Advanced Value Engineering & Technology (AdVENT) verticals, LTHE offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers. With over three decades of rich experience, the company has been setting global benchmarks in all aspects of project management, corporate governance, quality, HSE and operational excellence in the Hydrocarbon sector.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Larsen & Toubro Share Price

3892.95 -80.65 (-2.03%)

11-May-2026 11:02 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	3892.95
Rail Vikas Nigam	297.65
NCC	166.25
KEC International	588.95
Kalpataru Projects	1264.40
View more..

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