Larsen & Toubro share price falls around 2% despite its Energy Business bags large contract from IOCL
Shares of Larsen & Toubro dropped around two per cent in BSE intraday on Monday even as the company said that it's Hydrocarbon-Onshore division of L&T’s Energy Business has bagged a 'large' contract from Indian Oil Corporation (IOCL).
L&T earlier bagged a significant EPCC Contract for setting up DHDT Unit (5.0 MMTPA, licensed by Shell) under the same P-25 Project of IOCL at Panipat-Refinery. Source: Reuters