Friday, 5 January 2018

Sensex, Nifty Hit Fresh Record Highs; Metal Index Top Gainer

Share price of Larsen & Toubro touched a 52-week high of Rs 1,328, gaining 1 percent intraday as its subsidiary won order worth Rs 1,483 crore.

The company's wholly owned subsidiary L&T Hydrocarbon Engineering has signed an offshore contract for bassein development 3 Well Platform & Pipeline project with Oil & Natural Gas Corporation valued at approximately Rs 1,483 crore.

The contract includes 3 new wellhead platforms, 23- kilometer subsea pipeline, composite subsea power cable, clamp-on work on an existing platform and modification work on nine existing platforms in the western offshore basin in India.

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