L&T shares jump by 3% after winning another ONGC contract

The shares of L&T has again increased by 3% after its subsidiary receives the contract from ONGC. In a statement released by the company L&T Hydrocarbon Engineering told that it has secured another contract from Oil & Natural Gas Corporation for their new living quarter and to revamp the current ‘NQ Complex’ (NLRNC-RT2) project. The contract was awarded through international competitive bidding on a lump sum turnkey basis.

After the announcement L&T share prices where trading at 3% hike on BSE index at Rs.1,340.60