This infra stock got approval for approximately Rs 7,500 crore projects from NHSRCL and BGEPL; do you own it?

Kiran Shroff
/ Categories: Trending, Mindshare
This infra stock got approval for approximately Rs 7,500 crore projects from NHSRCL and BGEPL; do you own it?

Today, this infrastructure company's share price has increased by 26.41 per cent in six months, while the BSE Sensex has increased by only 12.40 per cent.

Today, the shares of Larsen and Toubro Ltd plunged 0.53 per cent to Rs 2,074.50 per share. Recently, the company received orders worth Rs 7,500 crore. One is from British Gas Exploration and Production India Limited (BGEPL) and the other is from National High-Speed Rail Corporation Limited (NHSRCL).   

 

The joint venture between BGEPL, ONGC and RIL operates in the Tapti fields on India's west coast. BGEPL approved the engineering, preparation, removal and shipment of five offshore wellhead platforms and related equipment, which is a significant project for the corporation worth approximately Rs 2,500 crore. In addition, in the project itself, L&T Ltd obtained an order from Oil & Natural Gas Corporation (ONGC) for work to balance 42 km of pipeline. 

 

Another is NHSCRL's approval of the bullet train project, which is a large project for the corporation worth approximately Rs 5,000 crore. The project consists of building the Sabarmati depot in Gujarat for the Mumbai-Ahmedabad High-Speed ​​Rail (MAHSR) project by a consortium led by Sojitz Corporation, Japan.   

 

Larsen & Toubro Ltd is a leading Indian multinational company mainly engaged in EPC projects, Hi-Tech manufacturing and services. The stock is up by 26.41 per cent in six months while BSE Sensex is up by 12.40 per cent in six months. Investors must keep this stock on their watch list.

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