L&T extends gains, up 3% in three days on securing orders worth Rs 9,500 cr

The hydrocarbon business of L&T on Tuesday has secured major (ranging from Rs 5,000 crore to Rs 7,000 crore) contracts for multiple offshore packages from a prestigious overseas client.

Shares of Larsen & Toubro (L&T) were up 1 per cent at Rs 2,240 on the BSE in Thursday’s intra-day trade in an otherwise subdued market. The stock of civil construction company traded higher for the third straight day, gaining 3 per cent during the period, on winning orders worth of Rs 9,500 crore.

In comparison, the S&P BSE Sensex was up 0.07 per cent at 58,257 at 10:29 AM. L&T hit a record high of Rs 2,297.30 on January 20, 2023.

L&T on Wednesday said its construction arm has secured significant orders (ranging from Rs 1,000 –