L&T gains on bagging Rs 1,504-cr new orders
The company has secured new orders valued over Rs 1,504 crore across various business segments both in domestic and international markets in February.
Larsen and Toubro (L&T) has moved higher by 2% to Rs 1,395 after engineering major said that it has secured new orders valued over Rs 1,504 crore across various business segments both in domestic and international markets in February.
“The water and effluent treatment business has secured new orders worth Rs 621 crore including from the Kolkata Metropolitan Development Authority and the Kolkata Municipal Corporation,” L&T said in a statement.
Its solar business unit has won new EPC (engineering, procurement and construction) orders worth of Rs 413 crore from Kiran Energy for building solar PV plants in Tamil Nadu, it added.
In the power transmission and distribution business, L&T Construction has got an order worth Rs 265 crore from TANGEDCO (Tamil Nadu Generation & Distribution Corporation Ltd) for power distribution works across the State and orders worth Rs 205 crore related to ongoing projects in the civil works space.
The stock opened at Rs 1,377 and hit a low of Rs 1,374 on BSE. A combined 991,253 shares have changed hands on the counter till noon deals on NSE and BSE.
“The water and effluent treatment business has secured new orders worth Rs 621 crore including from the Kolkata Metropolitan Development Authority and the Kolkata Municipal Corporation,” L&T said in a statement.
Its solar business unit has won new EPC (engineering, procurement and construction) orders worth of Rs 413 crore from Kiran Energy for building solar PV plants in Tamil Nadu, it added.
In the power transmission and distribution business, L&T Construction has got an order worth Rs 265 crore from TANGEDCO (Tamil Nadu Generation & Distribution Corporation Ltd) for power distribution works across the State and orders worth Rs 205 crore related to ongoing projects in the civil works space.
The stock opened at Rs 1,377 and hit a low of Rs 1,374 on BSE. A combined 991,253 shares have changed hands on the counter till noon deals on NSE and BSE.