L&T hits a new high

about 6 months ago
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L&T, which had closed yesterday at Rs.1972.80. opened steady at Rs.1975 but soon went on to hit a new record high at Rs.2005.55.

The market is reacting today to its “order” news announced yesterday during market hours.

The company’s wholly owned subsidiary, L&T Hydrocarbon Engineering (LTHE) leading a consortium won mega contracts worth over Rs.7000  crore. Both were for two offshore packages, involving EPC for new facilities and integration with existing installations.

Till end of H1FY22, the company had won orders to the tune of Rs.68,700 crore.

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