Larsen and Toubro gains on winning orders worth of Rs 4,006 crore
.jpg)
Larsen and Toubro (L&T) is trading higher by 2% at Rs 1,570 on NSE after the company said it has won orders worth of Rs 4,006 crore in the month of December 2014.
The construction arm of L&T has won orders worth Rs 4,006 crore across various business segments in the month of December’14 in both the domestic and international markets, L&T said in a statement.
The transportation infrastructure business has secured orders worth Rs 2,053 crore. The water & renewable energy businesses secured new orders worth Rs 729 crore, power transmission & distribution business secured new orders worth Rs 668 crore, heavy civil infrastructure businesses secured new orders worth Rs 228 crore and L&T Geostructure LLP won orders worth Rs 328 crore, it added.
A major order has been received from a reputed customer in Odisha for the construction of 48 km of Railway lines for the transportation of coal from coal mines for their thermal power station. Scope of work also includes building a water pipeline along the railway line.
L&T Oman LLC, a subsidiary of L&T, has received an order from Salalah Free Zone Company for the construction works of Adhan Phase 1A. The scope consists of building a potable water network, an irrigation water network, a storm water network, a sewer network, irrigation and firefighting reservoirs, pumping stations and control rooms.
The stock opened at Rs 1,545 and hit a high of Rs 1,571 on NSE after the announcements. A combined 677,591 shares changed hands on the counter till 1031 hours on NSE and BSE.
Other Latest News
.webp)
Shares of YES Bank climbed as much as 8.98 per cent to hit an intraday high of Rs 28.50 apiece on Monday, after the private lender announced a strong set of March quarter results (Q4FY24).
YES Bank’s profit jumped over 123 per cent to Rs 452 crore in Q4FY24, as opposed to Rs 202.43 crore reported in Q4FY23.
.webp)
The Congress on Monday attacked the BJP over the alleged sex scandal involving the grandson of JD(S) supremo H D Deve Gowda, with party leader Priyanka Gandhi Vadra asking whether Prime Minister Narendra Modi will remain silent on the matter.
The opposition party also asked why the BJP went ahead with its alliance with the JD(S) when a BJP leader had written to the party's Karnataka unit president, exposing the presence of a pen drive full of "sleaze videos of Prajwal Revanna".
.webp)
China is gearing up to launch a robotic spacecraft on a mission to bring back samples from the dark side of the moon. This mission is prelude to three challenging missions aimed at achieving a Chinese crewed landing and establishing a base on the lunar South pole. And it will also be the world's first attempt at collecting samples from the other side of the moon.
Since the inaugural Chang’s mission in 2007, named after the legendary Chinese moon goddess, China has made substantial strides in its lunar exploration efforts, narrowing the technological divide with the United States and Russia.
.webp)
The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in Japan and attempts by traders to test key levels and stop-loss orders in a nervous, illiquid market.
The dollar rose as far as 160.245 yen in a sudden move after the yen traded in a narrow 158.05-158.15 range in early deals.
.webp)
Veteran politician, BJP MP and former Union Minister V Sreenivasa Prasad died on Monday, family sources said.
The 76-year-old Lok Sabha member from Chamarajnagar was ailing for some time and being treated at a private hospital, where he passed away early today.
.webp)
.webp)
.webp)
.webp)
.webp)
