L&T Hydrocarbon bags orders worth Rs 1,700 crore

Infrastructure heavyweight Larsen & Toubro (L&T) on Friday said its subsidiary L&T Hydrocarbon has bagged orders worth Rs 1,700 crore in its construction services vertical.

"L&T Hydrocarbon, a wholly-owned subsidiary of Larsen & Toubro, has won orders worth Rs 1,700 crore order in its construction services vertical," L&T said in a BSE filing. The business has secured three new orders, with a combined value of Rs 1,200 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, the company added

Shares of the company were trading at Rs 1,434.85, down 0.74 per cent on the BSE at 1115 hrs.