The Reactors will be manufactured from advanced technology steels containing Chromium, Molybdenum and Vanadium, whilst the Coke Drums will be manufactured using Cr-Mo Steel. These Reactors and Coke Drums will be delivered to the refinery in Brazil in the financial year 2010-11.
Anticipating the developments in the global hydrocarbon industry, L&T has proactively embarked on a major expansion program at its state manufacturing facility at Hazira, which is rated as one of the largest and most modem integrated manufacturing complexes situated on a water front with easy access to the sea. In addition, a new heavy fabrication facility is under construction at Sohar, Oman. This facility will be a first-of-its-kind venture in the G.C.C. region & will have the capability to manufacture critical equipment for Refineries, Petrochemicals & Fertilizer projects apart from other process industries.
The stock closed the day at Rs.2714.65, down by Rs.21.90 or 0.80%. The stock hit an intraday high of Rs.2754.90 and low of Rs.2696.
The total traded quantity was 473991 compared to 2 week average of 431492.
Source: Equity Bulls
