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L&T shares jump 4% as construction arm bags Rs 4k cr orders

Press Trust of India  |  New Delhi 

of engineering major (L&T) today rose 4 per cent after the company said its construction arm has won orders worth Rs 4,023 crore across business segments.

The scrip moved up by 3.90 per cent to close at Rs 1,264.05 on the Intra-day, it surged 4.71 per cent to Rs 1,274 -- its 52-week high.

At NSE, of the company jumped 4 per cent to end at Rs 1,264.95.

In terms of equity volume, 4.51 lakh of the company were traded on and over 56 lakh shares changed hands at during the day.

"The construction arm of has won orders worth Rs 4,023 crore," the engineering and construction major said in a filing.

said its heavy civil infrastructure business has bagged orders worth Rs 1,906 crore in the domestic market, while its building and factories business received an order worth Rs 830 crore.

L&T's water and effluent treatment business and power transmission and distribution businesses bagged orders worth Rs 788 crore and Rs 342 crore, respectively.

Smart world communication business of has won an order worth Rs 157 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 10 2017. 16:42 IST