L&T bags orders worth Rs 1,333 cr in October

Infrastructure conglomerate Larsen and Toubro today said it has bagged new orders worth Rs 1,333 crore from various clients during the current month.

"L&T Construction has secured new orders worth Rs 1,333 crore in October, 2013 in various business segments," the company said in a statement.

In Water and Renewable Energy Business, the company bagged orders worth Rs 1,095 crore, which includes a major turnkey order from the Gujarat Water Supply and Sewerage Board for construction of underground drainage system in nine towns of Jamnagar and Porbandar districts.

The company also received a repeat order from Naya Raipur Development Authority for construction of underground storm water pipelines, water supply network and other associated works at Naya Raipur, it added.

Moreover, it secured a turnkey order from Kolkata Metropolitan Water and Sanitation Authority under the National Ganga River Basin Authority (NGRBA) for design and construction of sewerage networks and sewage treatment plant at Gayeshpur town in West Bengal.

The Renewable Energy Business has bagged a turnkey order for design and construction of a 25 MW wind power plant in Tamil Nadu from a client, whose name L&T did not disclose.

In the Buildings and Factories Business, it secured new orders worth Rs 238 crore from HLL Lifecare Ltd for expansion and modernisation of an old hospital and institute building at JIPMER, Puducherry.

Following the announcement, shares of the company were trading at Rs 929.90 apiece on the BSE at 1355 hours, up 0.51% from the previous close.