Larsen and Toubro (L&T) has rallied nearly 5% to Rs 768 after the company said it has won order valued around at Rs 1,500 crore from exploration and production company Petroleum Development Oman LLC (PDO).
The engineering, procurement and construction (EPC) order is for the Yibal third-stage depletion compression project at the Yibal-Natih gas reservoir in Oman, which has recoverable reserves estimated at 90%. The project is scheduled to be completed in 39 months, L&T said in a press release.
The stock opened at Rs 746 and hit a high of Rs 771 on BSE. A combined nearly 80,000 shares changed hands on the counter in early morning deals on BSE and NSE.
The engineering, procurement and construction (EPC) order is for the Yibal third-stage depletion compression project at the Yibal-Natih gas reservoir in Oman, which has recoverable reserves estimated at 90%. The project is scheduled to be completed in 39 months, L&T said in a press release.
The stock opened at Rs 746 and hit a high of Rs 771 on BSE. A combined nearly 80,000 shares changed hands on the counter in early morning deals on BSE and NSE.
