L&T bags Rs 747 cr orders

Engineering major Larsen & Toubro today said it had bagged orders worth Rs 747 crore from Coal India, Hindalco Industries and Indiabulls Power for construction related works.

Bouyed by the news, L&T stock today morning was trading at Rs 1,662 on the BSE, up 1.11 per cent from closing price yesterday.

The company's construction division received its first order valued at Rs 276 crore from Coal India in Madhya Pradesh, Larsen & Toubro said in a filing to the Bombay Stock Exchange today.

The project is obtained on engineering, procurement and construction basis and the scope of work includes supply and erection of mechanical, electrical and instrumentation works. The total time period for completion of work was two years, the filing said.

The second order worth Rs 260 crore has been obtained from Indiabulls Power for supply and erection of coal handling plants in Maharashtra. The project is slated to be completed in 28 months.

Further, another order worth Rs 211 crore is from Hindalco Industries for construction of aluminium rolling mill complex in Orissa, which is to be executed in 16 months, it said.