Larsen and Toubro (L&T) has reportedly emerged as a successful bidder to build Batinah road project in the northwest of Oman. The project, which is estimated to cost around $352 million, has a construction period of two years.
Meanwhile, the company has fixed July 13, 2013 as the record date to determine the members entitled to receive the bonus share. The board of directors, at their meeting held on May 22, had recommended the issue of bonus shares in the ratio of 1:2.
L&T is a $13.5 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.
