L&T gains nearly 3% on bagging orders worth Rs 6,024cr

Shares of Larsen and Toubro (L&T) rose nearly 3 per cent today after the construction arm of the company won orders worth Rs 6,024 crore across various business segments.
The scrip went up by 2.67 per cent to end at Rs 1,469.85 on BSE. During the day, it gained 2.95 per cent to hit Rs 1,474.
At NSE, shares of the company rose by 2.62 per cent to close at Rs 1,470.70.
"The construction arm of L&T has won orders worth Rs 6,024 crore across various business segments," L&T said in a BSE filing today.
The company said that its power transmission and distribution business has received orders worth Rs 1,721 crore while the water and effluent treatment business vertical has secured orders worth Rs 1,497 crore.

The building and factories business also bagged orders worth Rs 1,131 crore in various sectors and the transport infrastructure unit bagged Rs 780 crore orders.
The company's heavy civil infrastructure business received orders worth Rs 630 crore while the metallurgical and material handling business secured orders worth Rs 265 crore.