L&T Oman unit bags three orders worth Rs 518.2 cr

Engineering firm Larsen & Toubro today said its Oman unit has bagged three orders worth Rs 518.2 crore for execution of power transmission and infrastructure related projects in that country.     

Further, the company has announced that it has signed a Memorandum of Understanding with US-based GE Hitachi Nuclear Energy for co-operation on BWR and ABWR nuclear power plants.

Larsen & Toubro (Oman) LLC, a subsidiary of Larsen & Toubro International FZE, has bagged three orders worth Rs 518.2 crore, Larsen & Toubro said in a filing to the Bombay Stock Exchange.     

Larsen & Toubro International FZE (LTIFZE) is a wholly-owned subsidiary of Larsen & Toubro Limited (L&T).     

Larsen & Toubro (Oman) LLC (LTO) is a joint venture between L&T International FZE and The Muscat Trading Co LLC, one of the leading business groups in the Sultanate of Oman.     

LTO secured a Rs 207.4 crore order from the Rural Areas Electricity Company for construction, engineering and procurement of power substations and bagged Rs 206.1 crore order from the Oman Electricity Transmission Company for construction of power grid station, the work has to be executed in 18 and 15 months, respectively, the filing added.     

The company has also bagged a Rs 104.7 crore order from the Oman Tourism Development Company for the construction of infrastructure for the second Asian Beach games. The work is to be completed in 15 months, it added.