India's leading engineering and construction firm Larsen and Tourbo has won contracts worth 86 million U.S. dollars from China's petrochemical giant Sinopec, Indo-Asian News Service reported Thursday.

The Indian company will design and produce three ethylene oxide reactors, each weighing over 1,000 tons, for Sinopec, the company said in a statement in Mumbai, India's economic hub.

The reactors will form part of the methyl ethyl glycol (MEG) unit in a petrochemical plant of Sinopec.

With the new contracts, Larsen and Tourbo has sold equipment valued over 300 million U.S. dollars to China, including the world 's largest coal gasifier, and advanced acronitrile reactors, according to the statement.

The company has recently set up a switchgear factory in Wuxi of east China's Jiangsu province in October this year and another factory at Yangcheng in the same province.

As two largest economies in the world, China and India are looking to boost trade and investment. The two sides signed an agreement on promotion and protection of investment during Chinese President Hu Jintao's recent visit.