L&T’s hydrocarbon arm bags new orders

Larsen & Toubro’s (L&T) wholly owned subsidiary, L&T Hydrocarbon Engineering (LTHE) has won orders worth Rs 1170 crore across its various segments. The company has secured third order in month of June 2016. Its order book stands at Rs 2.5 lakh crore as of FY16.

L&T’s order distribution can be illustrated. The company has secured a lump sum turnkey contract from Indian Oil Corporation (IOCL) valued at Rs 355 crore for Coke Drum System package of 1.7 MMTPA Delayed Coker Unit at IOCL’s Haldia refinery in West Bengal. The company has also secured Rs 500 crore order from Reliance Industries’ refinery at Jamnagar in Gujarat. It has received Rs 200 crore order from Hindustan Mittal Energy for composite mechanical works of their Low Cost Expansion Project and services for capacity expansion. Under modular fabrication segment, LTHE won Rs 115 crore from a leading global EPC contractor for their ongoing project in Kuwait for the fabrication of piping spools.

The share price of L&T has increased by 0.82 per cent on bourses in early trades; and is trading at Rs 1492.6 on an intraday basis.

L&T is a technology, engineering, construction, manufacturing and financial services company. The company operates through the segments viz. infrastructure; thermal power generation; power transmission and distribution; hydrocarbon; defence sector; heavy engineering; metallurgical and material handling; electrical and automation; realty; information technology and technology services; financial services, and developmental projects.