L&T shares fall as Aramco reportedly defers bid process for Safaniyah oi...
Mon, Feb 19, 2024 11:36 AM

L&T shares fall as Aramco reportedly defers bid process for Safaniyah oi...

A Flip by Shubhangi Gupta
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Larsen & Toubro's shares saw a 1% drop on February 19 as Saudi Aramco deferred bid process for a $10-billion project in Safaniyah oilfield. The delay is due to a directive to cap production, leading to the cancellation of at least 10 EPCI deals. L&T registered a 25% growth in orders during the last quarter, with international orders accounting for 67% of the total inflow.

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