L&T gains 2%, stock up for the 2nd straight day on winning two large orders

The company's water & effluent treatment business received large contracts (ranging between Rs 2,500 and Rs 5,000 crore) from the State Water & Sanitation Mission (SWSM), Uttar Pradesh

Shares of Larsen & Toubro (L&T) moved higher by nearly 2 per cent to Rs 1,898 on the BSE in Wednesday’s intra-day trade after the company announced that its water & effluent treatment business received large contracts (ranging between Rs 2,500 and Rs 5,000 crore) from the State Water & Sanitation Mission (SWSM), Uttar Pradesh.

On Tuesday, the stock ended 0.43 per cent higher in an otherwise subdued market.  The stock had hit a record high of Rs 1,983 on November 15, 2021.

“The Water & Effluent Treatment Business of L&T Construction has secured a repeat order from