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6
December 2017
 |
L&T (The Total
Investment & Insurance Solutions)
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. The Total Investment & Insurance Solutions
The stock is trading at a price of Rs1207.10, up by 1.33% or Rs16, on NSE at 9.40amThe Total Investment & Insurance Solutions
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. The Total Investment & Insurance Solutions
The stock is trading at a price of Rs1207.10, up by 1.33% or Rs16, on NSE at 9.40amThe Total Investment & Insurance Solutions
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