L&T share prices jump amid updates of a massive order. Read More >>
Reports suggest L&T is set to secure a major contract for Saudi Aramco's Jafurah gas project. The share prices as of 11:00 AM today, were up by 2%.
Description: Saudi Aramco's ambitious, $110B endeavour, is a gas project in the eastern province that lays the foundation for this monumental deal.
L&T has expertise in mega projects of Rs 2,500 - 5,000 crores, making them a fitting choice for this significant venture. They classify orders of this value as “large”.
Alongside Jafurah, L&T vies for an additional $10B in orders for Saudi Aramco's Safaniyah Gas Field.
Recent wins in Australia and the Middle East showcase L&T's thriving international presence.
L&T’s FY23 Orderbook is at Rs 3,99,526 crore reflecting an impressive 12% YoY increase by the end of FY23.