L&T Hydrocarbon Engineering bags Rs 2,200 crore order

L&T Hydrocarbon Engg Ltd., a wholly subsidiary of Larsen & Toubro Ltd., has obtained an order worth over Rs 2,200 crore from Abu Dhabi's Al Dhafra Petroleum Operations Company. Al Dhafra Petroleum is a joint venture between Abu Dhabi National Oil Corporation, Korea Oil National Corporation, and GS Energy.

As part of the order, L&T Hydrocarbon will set up flow lines, gathering facilities, and pipelines to transfer crude oil and gas from the Haliba fields in east Abu Dhabi to a processing facility at Asab.

Shares of Larsen & Toubro Ltd ended higher by 1.56% at Rs 1,350.00 on NSE, at the closing hours on Monday.

HPCL Q3 profit rises 23% to Rs 19 billion; Stocks lower

Indian state-owned oil and natural gas Company, Hindustan Petroleum Corporation Limited’s (HPCL) profit rose 22.6% per cent in the Q-3, beating estimates.

Profit rose to Rs 19.50 billion, compared with Rs 15.90 billion a year earlier. Operational income rose over 13% to Rs 628.32 billion.

The country's largest oil explorer, Oil and Natural Gas Corp (ONGC), last month agreed to buy the govt’s majority stake in HPCL for Rs 369 billion.

Shares of HPCL traded 1.45% lower to Rs 394 on NSE, meantime BSE Sensex closed lower by 407.40 points, or 1.18%, to 34,005.26, while the Nifty 50 fell 121.90 points, or 1.15%, to 10,454.95, on closing hours, Friday.

Galaxy Surfactants gains over 13% on debut

Specialty chemicals manufacturer, Galaxy Surfactants, debuted in the stock Exchange on Thursday at 15% in debut trade over the issue price of Rs.1480.

The stock listed at Rs 1520 and 2.70% from the issue price on BSE. During the session, the stock rose 17% to Rs 1,732 and finally ended at Rs 1,698.10, by gaining 14.73%

On NSE, shares of Galaxy Surfactants ended 14.89% higher at Rs 1,700.45. The company's M-Cap stood at Rs 6,020.57 crore.

By equity volume terms, over 13.40 lakh shares of the company have been traded on Bombay Stock Exchange and 85.00 lakh shares changed hands on National Stock Exchange during Thursday’s session.