Social Icons

Wednesday, 6 December 2017

L&T’s Hydrocarbon Engineering arm awarded order worth Rs1,600cr

L&T Hydrocarbon Engineering Ltd (LTHE), a wholly owned subsidiary of Larsen & Toubro Limited, has won an order worth over Rs1,600 from Hindustan Petroleum Corporation Limited, Visakhapatnam refinery.
The project is a part of HPCL Visakh Refinery Modernisation Project (VRMP) and involves Engineering, Procurement, Construction and Commissioning of 3.053 MMTPA Full Conversion Hydrocracker Project.

The order reinforces L&T’s unique capability to deliver ‘design to build’ engineering and construction solutions across the hydrocarbon spectrum.

The Hydrocarbon segment contributed to ~9% of the consolidated revenue of the group in FY17. The company has a total order book of Rs2575bn as on September 30, 2017. Order book under Hydrocarbon segment constituted 10% of the total order book as on September 30, 2017. The Hydrocarbon segment posted an EBITDA margin of 8.8% in H1FY18. The stock is trading at a P/E of 23.48.  

http://tradenivesh.com/

 
SELL JINDAL STEEL FUTURE BELOW 159 TG 158.25, 157.25, 155.75 SL 157.70,

SELL HINDUSTAN ZINC FUTURE BELOW 283 TG 282.25, 281.25, 279.75 SL 284.30,

FOR MORE INFOMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

No comments:

Post a Comment

 
 
Blogger Templates