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Mumbai, June 2 (UNI) The scrip of heavy engineering major Larsen&Toubro(L&T) today declined by 0.87 per cent to Rs 1,902.80 on the premier Bombay Stock Exchange (BSE) despite bagging a contract worth Rs 207 crore (USD51 million) from Dubai-based ENOC Processing Company LLC (EPCL) for mechanical erection of their naphtha hydro-treated reformer project.

L&T said that it has been awarded a letter of intent from EPCL for the purpose. The project consists of fabrication and erection of piping, equipment and structural erection and other associated works for the new units constituting inter-connecting piping, LPG naphtha HTV or splitter unit, CCR reformer unit, diesel drying unit, LPG fractionation unit and HC flare, the company said in a communique to the BSE.

It is pertinent to note here that earlier in the month of April this year the heavy engineering major had bagged a Rs 200 crore order from Nakheel, UAE, to build a residential project in Dubai.

UNI