L&T Subsidiary Bags $370 Million Orders From Oman Firm

New Delhi: Infrastructure firm Larsen and Toubro (L&T) today said its subsidiary has bagged two orders worth $370 million (Rs 2,456.24 crore) from Petroleum Development Oman. 

"L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larson and Toubro India, has won two orders valued approximately $370 million from Petroleum Development Oman LLC (PDO)," Larson and Toubro India said in a BSE filing. 

It further said: "The new order wins include engineering, procurement and construction of Saih Nahaydah Depletion Compression Phase-2 (SNDC2) and Kauther Depletion Compression Phase 2 (KDC2) project. 

The company added that LTHE has already executed three projects for Petroleum Development Oman. 

Stock of Larsen and Toubro was trading at Rs 1,197.80, up 0.60 per cent, from the previous close on BSE.

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