L&T's hydrocarbon arm gets $370 mn construction orders from Oman firm

The new order wins include engineering, procurement and construction of Saih Nahaydah Depletion Compression Phase-2 and Kauther Depletion Compression Phase 2 project

PTI April 11, 2016 12:01:42 IST
L&T's hydrocarbon arm gets $370 mn construction orders from Oman firm

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

LTs hydrocarbon arm gets 370 mn construction orders from Oman firm

"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 percent, from the previous close on BSE.

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