L&T gets three overseas orders worth $889 mln
Engineering and construction conglomerate Larsen & Toubro said today, it had received three overseas orders worth $889 million from the hydrocarbon sector.business Updated: Aug 07, 2011 22:51 IST
Engineering and construction conglomerate Larsen & Toubro said on Sunday it had received three overseas orders worth $889 million from the hydrocarbon sector.
The first order from Abu Dhabi Gas Industries is a pipeline project worth $189 million and the second order, to build towers, bridges and pipelines worth $450 million, is from a UAE-based oil and gas firm, the Indian company said in a statement.
The third pipeline order worth $250 million is from Thailand based PTTEP International , the statement added.
Shares of Mumbai-based L&T, which have fallen 18% since the start of 2011 compared to a 16% fall in the main index , ended down 0.6% at 1,638.65 rupees, on Friday.
The company will report its financial results for the second quarter to end-June on Monday.