L&T bags Rs 5076 crore order from Kuwait; stock up 2%

MUMBAI: Shares of infrastructure and engineering major L&T were up over 2 per cent in trade after its subsidiary L&T Hydrocarbons bagged Rs 5076 crore order from Kuwait Oil & Gas Company (KOC).

L&T Hydrocarbon will execute a complete engineer-procure-construct contract for Gathering Centre of KOC.

The scope of L&T’s contract includes project management, detailed engineering, procurement, supply, construction, testing, mechanical complection, pre-commissioning and commissioning assistance including performance testing.

At 10:30 a.m.; L&T was at Rs 1,633.40, up 2.17 per cent, on the BSE. It touched a high of Rs 1,639.40 and a low of Rs 1,614.90 in trade today.