L&T moves up on expansion plans

DALAL STREET SPIKES

The share prices of the Larsen & Toubro (L&T ) closed with gains of 3.46 per cent to Rs 2937.20 after the company's March 19 announcement of a ramp-up in the manufacturing capacity of super-critical boilers and super-critical turbine generators to 4000 megawatt per annum.

The company will manufacture and market these critical components through two separate joint ventures with Mitsubishi Heavy Industries of Japan. The stock opened at Rs 2875 and touched an intra day high of Rs 2980.