L&T gets three overseas orders worth $889 mn

Engineering and construction conglomerate Larsen & Toubro said on Sunday it had received three overseas orders worth $889 million from the hydrocarbon sector.

Engineering and construction conglomerate Larsen & Toubro said on Sunday it had received three overseas orders worth $889 million from the hydrocarbon sector.

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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 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.