L&T gains on order win of Rs 2,231 crore
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Larsen & Toubro (L&T) was up 1.4% to Rs 1,752 on the BSE in early morning trade after the company said its construction arm has won orders worth Rs 2,231 crore across various business segments.
The company’s building & factories business has bagged a turnkey order worth Rs 1,324 crore from Andhra Pradesh Township Infrastructure Development Corporation, for the construction of residential buildings in the West Godavari District of Andhra Pradesh.
The project is the part of the Pradhan Mantri Awas Yojana (PMAY) scheme and consists of residential tenements for the economically weaker section.
The company’s power transmission & distribution (PT&D) business segment has been secured a transmission line order worth of Rs 540 crore from the Power Grid Corporation of India.
The water & effluent treatment business has won order worth of Rs 367 crore from Tamil Nadu Water Supply & Drainage Board to execute a dedicated water supply project for Erode Corporation.
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The Supreme Court on Friday asked yoga guru Ramdev to implead the complainants, who have lodged cases against him over his alleged remarks against the use of allopathic medicines during the Covid pandemic, as party in his plea seeking stay of criminal proceedings.
The Patna and Raipur chapters of the Indian Medical Association (IMA) have lodged complaints in 2021 alleging Ramdev's remarks were likely to cause prejudice to Covid control mechanism and may dissuade people from availing proper treatment.
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Israeli missiles targeted a site in Iran in response to a recent drone and missile attack launched by Iran, reportedly in retaliation against an alleged Israeli airstrike on Iranian embassy in Syria, according to a report in ABC News.
ABC News reported on the unfolding situation, amid fears that the clash between Israel and Iran might escalate into a wider regional conflict.
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