Sunday, 7 August 2011 at 13:41, Reuters, Mumbai
Two of the three projects will be based in UAE for building towers,bridges and pipelines. (REUTERS)
Indian 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 $450m, is from a UAE-based oil and gas firm, the Indian company said in a statement.
The third pipeline order worth $250m is from Thailand based PTTEP International , the statement added.
Shares of Mumbai-based L&T, which have fallen 18 per cent since the start of 2011 compared to a 16 per cent fall in the main index , ended down 0.6 per cent at 1,638.65 rupees, on Friday.
The company will report its financial results for the second quarter to end-June on Monday.
Your comments