Larsen & Toubro (L&T) has moved higher by 3% at Rs 1,098 after the company said its power transmission vertical has bagged a Rs 2,935 crore order or setting up transmission and distribution network in Qatar.
"Power transmission and distribution business of L&T has secured an EPC (engineering, procurement and construction) order valued at Rs 2,935 crore from Qatar General Electricity and Water Corporation for supply and commissioning of transmission lines and substations," the company said in a statement.
The scope of work for the company includes supply, erection, testing and commissioning of switch gears, power transformers and auxiliaries. The project, which is spread across prominent locations in Qatar, is scheduled to be completed in 22 months, it added.
Meanwhile, since September, L&T has received a total orders worth of Rs 13,001 crore from various segments.
The stock opened at Rs 1,064 and touched a high of Rs 1,100 on the NSE. A combined 1.76 million shares have changed hands on the counter so far on the NSE and BSE.
"Power transmission and distribution business of L&T has secured an EPC (engineering, procurement and construction) order valued at Rs 2,935 crore from Qatar General Electricity and Water Corporation for supply and commissioning of transmission lines and substations," the company said in a statement.
The scope of work for the company includes supply, erection, testing and commissioning of switch gears, power transformers and auxiliaries. The project, which is spread across prominent locations in Qatar, is scheduled to be completed in 22 months, it added.
Meanwhile, since September, L&T has received a total orders worth of Rs 13,001 crore from various segments.
The stock opened at Rs 1,064 and touched a high of Rs 1,100 on the NSE. A combined 1.76 million shares have changed hands on the counter so far on the NSE and BSE.
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