L&T JV bags orders worth US$ 120 million in Oman
Larsen & Toubro (Oman) LLC, a leading engineering and construction company in Oman, has secured orders valued at US$ 120 million (Rs. 550 crore) for the construction of multi-storied apartments and villas at Sohar in the Sultanate of Oman.
A prominent business group in the Sultanate is implementing a greenfield township project at Sohar, 300 km from Muscat, to meet the increasing demand for residential properties. L&T Oman has successfully bid for and secured contracts for two packages in the township. The packages are worth US$ 56.5 million (Rs. 259 crore) and US$ 63.5 million (Rs. 291 crore) and are to be completed in 18 months from October 2006.
Larsen & Toubro (Oman), a joint venture of Larsen & Toubro Limited-India and the Zubair Corporation, has established a strong presence in Oman over the last ten years and is well set to consolidate its position in the years to come.