Companies

L&T unit bags orders worth Rs 1,170 cr

PTI New Delhi | Updated on January 20, 2018 Published on June 17, 2016

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Larsen & Toubro’s wholly-owned subsidiary L&T Hydrocarbon Engineering has bagged orders worth Rs 1,170 crore across business verticals.

“L&T Hydrocarbon Engineering Ltd has won orders worth Rs 1,170 crore across its various business verticals,” the engineering and construction major said in a BSE filing today.

L&T said it has secured a lumpsum turnkey contract from Indian Oil Corporation Ltd valued over Rs 355 crore.

It also won a contract worth Rs 500 crore from Reliance Industries Ltd and Rs 200 crore contract from Hindustan Mittal Engery Ltd for construction services.

The company has also got an order valued at Rs 115 crore from a global EPC contractor in Kuwait.

Shares of the company were trading 0.13 per cent down at Rs 1,489.85 apiece on the BSE.

Published on June 17, 2016
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