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L&T gains on bagging order worth Rs 781 crore from ONGC

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

28 Dec 2012 Evaluate

Larsen and Toubro is currently trading at Rs. 1625.95, up by 11.05 points or 0.68% from its previous closing of Rs. 1614.90 on the BSE.

The scrip opened at Rs. 1617.35 and has touched a high and low of Rs. 1630.00 and Rs. 1615.10 respectively. So far 11,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1719.50 and a 52 week low of Rs. 991.00.

Last one week high and low of the scrip stood at Rs. 1632.00 and Rs. 1572.50 respectively. The current market cap of the company is Rs. 99,983.00 crore.

The Institutions and Non-Institutions held 53.24% and 43.55% respectively.

Larsen and Toubro (L&T) has secured new contract valued over Rs 781 crore for 3 Wellhead Platforms from the Oil and Natural Gas Corporation (ONGC). The company won contract against international competitive bidding, encompasses total 'EPCI' - Engineering Procurement Construction & Installation of three wellhead platforms, spread over Heera and South Heera fields of the ONGC.

The project, part of ONGC's strategy to re-develop Heera and South Heera fields to meet India's rising energy demands, is scheduled to be completed by April, 2014. These un-manned Wellhead platforms will be connected with the nearby Heera Process Complex by subsea cables for remote operation.

Recently, L&T was awarded another contract from ONGC for B-127 Cluster 3 Wellhead Platforms Project. These contracts reiterate the long term association of ONGC with L&T in the development of offshore fields in India. The company's offshore track record includes successful completion of several challenging projects for domestic and international clients.

L&T provides complete EPC1' solutions for the offshore oil and gas industry, combining customized engineering & procurement, fast-track project management and world class fabrication & sea installation capabilities. L&T is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.

Larsen & Toubro Share Price

3953.90 -6.00 (-0.15%)

13-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	3953.90
Rail Vikas Nigam	272.00
NCC	151.85
KEC International	563.95
Kalpataru Projects	1171.40
View more..

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L&T gains on bagging order worth Rs 781 crore from ONGC

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