Larsen & Toubro gains on winning orders worth Rs 2,213 crore
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Larsen & Toubro (L&T) is trading higher by 3% to Rs 1,115 on the BSE after the company announced that it has won orders worth Rs 2,213 crore across its various businesses.
The transportation infrastructure business has bagged new orders worth Rs 1,078 crore from the National Highways Authority of India (NHAI) for the construction of the Kerala/TamilNadu –Villikuri -Kanyakumari sections of NH-47 and NH 47B under NHDP Phase-3 in the state of Tamil Nadu on EPC mode. The projects are scheduled to be completed in 24 months.
The company’s power transmission & distribution business has bagged new orders worth Rs 1,001 crore across domestic and international markets. The buildings & factories business has secured engineering, procurement and construction order worth Rs 134 crore from the Andhra Pradesh Capital Region Development Authority for the construction of interim government complex buildings.
At 10:28 am, the stock was trading at Rs 1,111 on the BSE. A combined 865,013 shares changed hands on the counter on the BSE and NSE so far.
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