L&T gains after winning new orders

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Capital Market
Last Updated : Jul 03 2014 | 11:57 PM IST

Larsen & Toubro rose 0.21% to Rs 1,757.65 at 10:20 IST on BSE after the company said L&T Construction won new orders worth Rs 1459 crore across various business segments in June 2014.

The company made the announcement during trading hours today, 3 July 2014.

On NSE, so far 4.21 lakh shares were traded in the counter. The stock hit a high of Rs 1,765.90 and a low of Rs 1,745.10 so far during the day.

The large-cap company has an equity capital of Rs 185.54 crore. Face value per share is Rs 2.

Larsen & Toubro (L&T) said the buildings and factories business has received combined orders worth Rs 1173 crore. Additional orders valued at Rs 286 crore have been received from the transportation infrastructure business.

L&T's net profit surged 52.3% to Rs 2723.48 crore on 11.1% growth in net sales to Rs 20079.10 crore in Q4 March 2014 over Q4 March 2013.

L&T is a $14.3 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T Construction is a brand of Larsen & Toubro.

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First Published: Jul 03 2014 | 10:20 AM IST

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