Bengaluru, July 28 -- Offshore wind energy is becoming a major growth area for companies with deep engineering and construction expertise. Framework agreements of this scale are rare and typically span multiple projects executed over several years, giving companies strong revenue visibility. One such large deal has just been announced, strengthening the order book of a company already known for its global infrastructure footprint.

Shares of Larsen & Toubro Limited, with a market capitalization of Rs.5,25,300 Crore, is trading at Rs.3,818.4 i.e. around 0.33% above its previous closing price of Rs.3,806. It trades at a P/E ratio of 27.33.

Framework Deal With TenneT Announced

Larsen & Toubro (L&T) has announced that it has successfully co...