ALSO READL&T to sell subsidiary L&T Cutting Tools for Rs 174 cr List hydrocarbon business, sell non-core in 3 years: L&T's A M Naik L&T gains 5% on hopes of winning defence contracts worth Rs 40,000 crore L&T gains on order win of Rs 2,231 crore L&T gains on winning contract worth Rs 1,700 crore in Kuwait
Larsen & Toubro (L&T) was up 3% at Rs 1,243 on the BSE after the company announced that its construction arm has won orders worth Rs 3,551 crore across various segment.
The stock had rallied 6% on Wednesday. “The company’s transportation infrastructure & water effluent treatment business have jointly bagged an order worth Rs 1,123 crore from a prestigious government client for design and construction of smart trunk infrastructure with roads, storm water drains, water supply network, sewerage network and others,” L&T said in a press release. The company’s transportation infrastructure business has won engineering, procurement & construction (EPC) order worth Rs 777 crore from the Public Works Department, Delhi for the construction of integrated transit corridor development plan in and around Pragati Maidan, it added. Water & effluent treatment business has received EPC orders worth of Rs 572 crore, while building & factories business has secured an order worth of Rs 866 crore and smart world & communication business has bagged an order amounting of Rs 213 crore, the company said. At 10:40 AM; the stock was trading at Rs 1,236, up 2.6% on the BSE, as compared to 0.31% decline in the S&P BSE Sensex. A combined 2.2 million shares changed hands on the counter on the BSE and NSE so far.