L&T gains as its arm bags two more orders worth $370 million from PDO Oman

Larsen & Toubro Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 500510 | NSE: LT

11 Apr 2016 Evaluate

L&T is currently trading at Rs. 1198.00, up by 7.35 points or 0.62% from its previous closing of Rs. 1190.65 on the BSE.

The scrip opened at Rs. 1194.65 and has touched a high and low of Rs. 1205.35 and Rs. 1191.00 respectively. So far 31,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1886.25 on 17-Jul-2015 and a 52 week low of Rs. 1016.60 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1249.85 and Rs. 1177.00 respectively. The current market cap of the company is Rs. 1,11,591.17 crore.

The Institutions and Non-Institutions held 56.01% and 43.99% respectively.

Larsen & Toubro’s (L&T) wholly owned subsidiary - L&T Hydrocarbon Engineering (LTHE), has won two orders valued approximately $370 million from Petroleum Development Oman LLC (PDO). The new order wins include Engineering, Procurement & Construction of Saih Nihaydah Depletion Compression Phase 2 (SNDC2) and Kauther Depletion Compression Phase 2 (KDC2) Project.

Petroleum Development Oman is the foremost exploration and production company in the Sultanate of Oman. It accounts for more than 70% of the country’s crude-oil production and nearly all of its natural-gas supply. The company is owned by the Government of Oman (which has a 60% interest), Royal Dutch Shell (34%), Total (4%) and Partex (2%).

Saih Nihaydah Field is located in the central Oman area. The field has been producing via the Saih Nihaydah Gas Plant (SNGP) which was commissioned in 2005. Kauther Gas Plant (KGP) is located approximately 120 Km from Saih Rawl-CPP, Oman.

These projects are being implemented to overcome pressure depletion and maintain potential in order to sustain production. LTHE has already executed three projects for PDO viz., the Lekhwair Gas Field Development Project ($150 million approximately); the Saih Rawl Depletion Compression Project (SRDC2) ($235 million approximately), and the Yibal 3rd Stage Depletion Compression (Y3DC) ($240 million approximately).

Larsen & Toubro Share Price

3973.60 -48.90 (-1.22%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	3973.60
Rail Vikas Nigam	305.00
NCC	169.85
KEC International	598.10
Kalpataru Projects	1274.45
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