L&T gains on construction orders worth Rs 2,416 crore

The company's division L&T Construction has won orders worth Rs 2,416 crore across three businesses

Shares of Larsen & Toubro were up over 1% at Rs 1,449 in an otherwise lacklustre market after the company announced that L&T Construction has won orders worth Rs 2,416 crore.

The Building & Factories Business has won orders worth Rs 1,165 crore, Power Transmission & Distribution Business Rs 1,120 crore while the Smart World & Communication Business has won orders worth Rs 131, the company said in a release.

The stock opened at Rs 1,440 and touched a high of Rs 1,454. At 10:50am, over 478,000 shares were traded on both the stock exchanges.