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L&T Gets $60 Million Order in Saudi Arabia - ASHARQ AL-AWSAT English Archive
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MUMBAI (Reuters) – Leading engineering and construction firm, Larsen & Toubro Ltd, said on Wednesday it had received a $60 million order from Saudi Arabia’s Chemanol to set up methyl amine and dimethyl formamide plants.

Shares in Larsen & Toubro, valued at $23 billion at Tuesday’s close, were trading 3.3 percent up at 3,268.70 rupees at 0606 GMT in a firm Mumbai market, after hitting a life high of 3,450 rupees in opening deals.

The shares have more than doubled in value from their end-2006 levels. UBS, which rates Larsen stock as “buy”, set a target of 3,405 rupees on Oct. 4.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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