UPDATE: L&T bags orders worth Rs 1,500 cr

Engineering major Larsen & Toubro today said it has bagged orders worth Rs 1,500 crore from various vendors for construction of hospitals, residential towers and factories.

The company's building and factories operating company, which is part of its construction division, has bagged new orders totalling Rs 1,500 crore, Larsen & Toubro (L&T) said in a filing to the Bombay Stock Exchange.

The company has received two orders worth Rs 627 crore from HLL Lifecare Ltd (a government of India Enterprise) for construction of hospital buildings and a Rs 342-crore contract is secured from Shree Ahuja Properties & Realtors for residential buildings, the filing added.

Further, the company has bagged Rs 321 crore contract from Lucknow Development Authority for construction of residential towers and the remaining Rs 210 crore has been secured from various clients for construction of an automobile factory and for other add on works, it said.

"These orders further enhances the order book of the company, which has already secured major design and build contracts for Airports, IT parks and commercial space," the company said.

Shares of Larsen & Toubro were trading at Rs 1,620 on BSE, up 0.18 per cent from previous close.