Shares of Larsen & Toubro (L&T) moved higher by nearly 3 per cent to Rs 2,228.90 on the BSE in Wednesday’s intra-day trade after the company announced it won mega orders for its hydrocarbon business.
The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore.
“The Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) of L&T has recently secured multiple offshore packages from a prestigious client in the Middle East,” the company said in press release.
