MoneyWorks4Me

L&T’s arm bags orders worth Rs 1700 crore

20 Jan 2017 Evaluate

Larsen & Toubro’s (L&T) wholly owned subsidiary L&T Hydrocarbon Engineering (LTHE) has bagged orders worth Rs 1700 crore in its Construction Services business vertical.

The business has secured three new orders, with a combined value of Rs 1200 crore, for pipelines and associated works in the western region of India and also received an order for additional work, worth Rs 500 crore, from an existing contract.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $16 billion in revenue. It operates in over 30 countries worldwide.

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
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