Shares of Larsen & Toubro (L&T) gained 2.8 percent and hit a record high of Rs.1,676, on the BSE in intra-day trade on Friday, after the company’s heavy engineering arm won an order for Oxidation Reactor from Technip Energies-India, which develops indigenous technology for the critical equipment."This order for the technologically critical Titanium Clad Reactor is for a Public Sector Petrochemical project for Purified Terephthalic Acid plant. The scope of supply involves Design, Material Procurement, fabrication, inspection, and testing of Reactor meeting the Licensors stringent quality requirements," Larsen & Toubro said. This order marks the opening of multiple avenues for L&T Heavy Engineering for critical titanium-clad reactors in both domestic and global markets.
Read more