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L&T Hydrocarbon Engineering Bags Up To Rs 5,000 Crore Order From ONGC

L&T Hydrocarbon Engineering Bags Up To Rs 5,000 Crore Order From ONGC
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Barometers trade sideways; realty stocks in demand

Equity indices traded sideways with small gains in mid-morning trade. The Nifty hovered a tad below 14,200 mark. At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 115.70 points or 0.24% at 48,289.66. The Nifty 50 index gained 43.85 points or 0.31% at 14,190.05.
In the broader market, the S&P BSE Mid-Cap index was up 1.02% while the S&P BSE Small-Cap rallied 1.08%. Both indices outperformed the benchmark indices.
The market breadth was strong. On the BSE, 1900 shares rose and 867 shares fell. A total of 149 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 87,156,972 with 18,82,051 deaths. India reported 2,28,083 active cases of COVID-19 infection and 1,50,336 deaths while 1,00,16,859 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India. ....

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L&T rises after hydrocarbon unit bags 'large' order | Business Standard News

L&T gained 2.05% to Rs 1340.55 after the company s subsidiary L&T Hydrocarbon Engineering won a large offshore contract from ONGC for their new living quarter and revamp at NQ Complex.
The contract involves engineering, procurement, construction, installation and commissioning of a new living quarter platform, NQL Platform of 120 men capacity, bridge (with intermediate support) to existing NQO Complex and major revamping / replacement of existing process systems / facilities at NQ Complex in ONGC s Mumbai High Asset on the West Coast of India.
The above contract was awarded through international competitive bidding on a Lump Sum Turnkey (LSTK) basis. As per L&T s classification, the value of the contract lies between Rs 2,500 and Rs 5,000 crore. ....

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