Larsen & Toubro
Engineering and construction firm Larsen & Toubro announced winning orders worth $370 million from an Oman petroleum company Monday. In Picture: A man waits at a bus-stop with an advertisement of Larsen & Toubro outside the company's manufacturing unit in Mumbai Jan. 22, 2014.Reuters File

Larsen & Tourbro (L&T) informed stock exchanges Monday one of its wholly-owned subsidiary has won orders worth $370 million in Oman. The projects were awarded by Petroleum Development Oman LLC, an oil exploration and production company.

"The new order wins include engineering, procurement and construction of Saih Nahaydah Depletion Compression Phase-2 (SNDC2) and Kauther Depletion Compression Phase 2 (KDC2) project," L&T said in a regulatory filing to the Bombay Stock Exchange (BSE).

The Mumbai-based company had earlier executed three projects worth $625 million for Petroleum Development Oman LLC, the statement said.

The announcement comes a week after L&T Construction bagged orders worth Rs. 2,125 crore, including four-laning of a highway in Karnataka, designing and implementing smart city projects, and power transmission business.

The L&T stock was trading at Rs. 1,190.15 on the BSE at around 1:10 p.m. Monday, almost flat from its Friday closing.

The S&P BSE Sensex was down 119 points and was trading at 24,554. 

L&T disclosed orded inflows worth Rs. 17,638 crore in the quarter ended March 2016, taking its full-year inflows to Rs. 1.11 lakh crore, which is lower from the previous year's figure by Rs. 43,860 crore, according to a Business Standard report.

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