L&T subsidiary bags Rs 370 million orders from Oman firm

L&T said that LTHE, its wholly-owned subsidiary, has already executed three projects for Petroleum Development Oman

Infrastructure firm Larsen and Toubro (L&T) on Monday said that its subsidiary has bagged two orders worth Rs 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 Rs 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 PDO.

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