Thursday, 7 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.

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,


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