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L&T joint venture bags Rs.5.5 bn contract in Oman

Mumbai, Oct 18 (IANS) India's largest engineering and construction firm Larsen & Toubro (L&T) Wednesday said that its joint venture company Larsen & Toubro (Oman) has won orders worth Rs.5.5 billion ($121 million) from that country.

Wednesday, October 18, 2006 | 7:29:56 PM IST (+05:30 GMT)
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Mumbai, Oct 18 (IANS) India's largest engineering and construction firm Larsen & Toubro (L&T) Wednesday said that its joint venture company Larsen & Toubro (Oman) has won orders worth Rs.5.5 billion ($121 million) from that country.

'A prominent business group in the sultanate is implementing a greenfield township project at Sohar, 300 km from capital Muscat, to meet its increasing demand for residential properties. L&T Oman has successfully bid for and secured the contracts of two packages in the township,' said an L&T statement here.

The packages are worth Rs.2.59 billion and Rs.2.91 billion and are to be completed in 18 months from October 2006, it added.

Copyright : Indo-Asian News Service
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