Economy
L&T Secures Offshore Development Order Worth Over Rs 15000 Crore
Moneycontrol1h
THE BRIEF
1
Larsen & Toubro's hydrocarbon business has bagged an ultra-mega offshore project worth over Rs 15,000 crore from a major client in the Middle East.
2
The massive contract involves the engineering, procurement, construction, and installation of strategic offshore structures and pipelines in the Arabian Gulf.
3
Following the announcement of the ADNOC order, L&T shares surged on the National Stock Exchange, hitting their intra-day high during Monday's trading session.