Engineering Sector

L&T Receives Rs 345 Crore Order From NPCIL; Stock Down 3.4%

L&T Receives Rs 345 Crore Order From NPCIL; Stock Down 3.4%Larsen & Toubro, India’s largest maker of equipment for the nuclear power sector, has announced that it has received an order from the Nuclear Power Corporation of India Ltd (NPCIL).

The scope of the order, which is valued at Rs 345 crore, includes design, manufacture and supply of four steam generators for 700 megawatt electric (MWe) pressurised heavy water reactors.

In an announcement, the company said that the steam generators would be supplied to the Kakrapar Atomic Power project 3 and 4.

Hindustan Dorr Oliver bags order worth Rs 24 crore

Hindustan Dorr Oliver bags order worth Rs 24 croreHindustan Dorr Oliver Ltd., a leading total engineering solution provider, has picked an order worth Rs 24 crore from HPCL-Mittal Energy Ltd.

The scope of work includes detailed engineering, shop & site fabrication, transportations and supply of Process Pressure Vessels weighing from 50 MT to 250 MT each.

The project is schedule to complete within a period of 12-14 months.

Sadbhav Engineering wins order worth Rs 1571 crore

Sadbhav Engineering wins order worth Rs 1571 croreAhmedabad-based Sadbhav Engineering has informed that its joint venture has won an order worth Rs 1571 crore from Maharashtra State Road Development Corporation for modernization and computerization of integrated border check posts at 22 locations in Maharashtra.

The project will be build on Build Operate and Transfer Basis in the name of Joint Venture known as 'Sadbhav - SREI- SREI Sahaj Consortium' in the ratio of 51:39:10 respectively.

The project has concession period of 24 years six months inclusive of construction period of 18 months.

ONGC signs pact for enhancing production from matured fields

ONGC signs pact for enhancing production from matured fieldsNew Delhi, Feb. 16 : The Oil and natural Gas Corporation (ONGC) has entered into a strategic alliance with M/s Weatherford, a leading international oilfield service provider to jointly work in various areas.

Sell Larsen & Toubro

Sell Larsen & ToubroStock market analysts have suggested investors to ‘sell’ Larsen & Toubro (L&T) stock with a target of Rs 650.

According to them, interested investors can sell the stock between Rs 665-670 with a strict stop loss of Rs 680.
 
Today (Jan 23), the stock opened at Rs 663.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 41.23 and 15.87 respectively. The share price has seen a 52-week high of Rs 1974.50 and a low of Rs 652 on BSE.

On Jan 22, the stock of the company lost Rs 22.75 at Rs 663.90, as against its last closure at Rs 686.65 on Wednesday (Jan 21).

L&T Signs MoU With US-Based Westinghouse Electric

L&T Signs MoU With US-Based Westinghouse ElectricIndia’s largest technology, engineering, construction and manufacturing company Larsen & Toubro announced that it has signed up a memorandum of understanding (MoU) with US-based Westinghouse Electric Company (WEC), a group company of Toshiba Corporation.

The MoU has been signed in order to build 1,000 MW nuclear plants in India.

The MoU will successfully address the projected requirement in India for Pressurized Water Nuclear Reactors with Modular construction technology.

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