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Mumbai, June 12 (UNI) The scrip of heavy engineering major Larsen&Toubro today rose by 0.90 per cent to Rs 1,907 on the Bombay Stock Exchange (BSE) after bagging prestigious orders from Oil and Natural Gas Corporation (ONGC) and Steel Authority of India (SAIL).

ONGC awarded a Rs 877 crore turnkey project for the NQ Re-construction (NQRC) project in Mumbai high north fields. This project is the largest brownfield project of its kind awarded in the offshore oil and gas sector in India. L&T said the project will be executed on a lumpsum turnkey basis with the completion scheduled by May 8, 2009.

Earlier in the day, L&T had also announced that the engineering, procurement and construction and contracts division of the company had secured a Rs 114.43 crore order from SAIL for the turnkey construction of 220/132 kilowatt gas insulated sub-station and associated transmission network for its Bhilai steel plant in Chattisgarh.

UNI