Trishakti Industries bags Rs 42 lakh contract from Larsen & Toubro

Trishakti Industries announced that it has secured a domestic contract worth Rs 42 lakh from Larsen and Toubro.

In a regulatory filing, Trishakti said the order involves the deployment of advanced machinery along with skilled manpower.

The contract is for hiring of machines with manpower and is to be executed immediately, with a duration of five months.

The broad commercial consideration for the contract stands at Rs 42 lakh.

The company clarified that neither the promoter nor the promoter group has any interest in Larsen and Toubro. It further stated that the contract does not fall under related party transactions.

Trishakti Industries is an infrastructure solutions provider specializing in the hiring of heavy earth-moving equipment. With a strong fleet of advanced machinery, it serves major sectors such as steel, cement, railways, and construction.

Larsen & Toubro is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets.

Shares of Trishakti Industries rose 0.80% to Rs 151 while shares of Larsen & Toubro added 0.23% to Rs 4,289.25 on the BSE.

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