L&T, BEML, Tata Power rise on Rs 2,580 crore deal with Defence Ministry

The Acquisition Wing, Ministry of Defence signed contracts with Bharat Earth Movers Ltd (BEML), Tata Power Company Ltd (TPCL), and Larsen & Toubro (L & T) on August 31.

Shares of Larsen & Toubro (L&T), Tata Power, and Bharat Earth Movers (BEML), gained on the BSE on Tuesday, a day after the Defence Ministry signed contracts with these companies worth Rs 2,580 crore to procure Pinaka rocket launchers for six Army regiments.

At 09:32 AM, L&T was trading over 1.7 per cent higher at Rs 961.65. It hit a high of Rs 965.95 in the opening deals. Tata Power was trading over 2 per cent higher at Rs 60.05 while BEML hit a high of Rs 699.95, up 4.5 per cent against Monday's close of Rs 669.2.  

In comparison,