L&T arm bags orders worth Rs 1,170 crore; shares down

Larsen & Toubro said its wholly-owned subsidiary L&T Hydrocarbon Engineering has bagged orders worth Rs 1,170 crore across business verticals.

"L&T Hydrocarbon Engineering Ltd has won orders worth Rs 1,170 crore across its various business verticals," the engineering and construction major said in a BSE filing.

L&T said it has secured a lump sum turnkey contract from Indian Oil Corporation Ltd valued over Rs 355 crore.

It also won contract worth Rs 500 crore from Reliance Industries Ltd and Rs 200 crore contract from Hindustan Mittal Engery Ltd for construction services.

L&T said is also got an order valued at Rs 115 crore from a global EPC contractor in Kuwait.

Shares of the company were trading 0.13% down at Rs 1,489.85 apiece on BSE.