Shares of Larsen and Toubro (L&T) were trading in the green and 1% higher on 13 February after the company announced that its hydrocarbon division secured “significant Orders” from a client in the Middle East.

In its regulatory filing, the company did not disclose the order value, but it classified it as a significant order that ranges from Rs 1,000 crore to Rs 2,500 crore.

The filing added, “The Hydrocarbon vertical, L&T Energy Hydrocarbon (LTEH) of Larsen & Toubro (L&T), has secured an onshore order and an offshore order from a prestigious client in the Middle East.”

The scope of the Middle East order comprises engineering, procurement and construction of an enclosed ground-flare system and the demolition of the existing facilities, reducing flame and smoke visibility to the nearby working large-scale residential developments.

The order also entails brownfield work, including the upgradation of shutdown systems in existing offshore platforms.

L&T is a $23 billion Indian multinational company that is engaged in engineering, procurement and construction (EPC) projects, services, and hi-tech manufacturing.

At 2:55 pm, Larsen and Toubro shares were trading 0.74% higher at Rs 3,324.05 on NSE.