Share price of Larsen and Toubro (L&T) gained 3 percent intraday Thursday after company's construction arm has secured orders from prestigious clients across varied states in India.
Company's buildings and factories business has secured a prestigious order for the construction of campus development of IIT Hyderabad Package 3A at Kandi, Telangana.
The project has to be completed in 22.5 months.
The metallurgical and material handling business has secured an order from BHEL for Ash Handling Plant (AHP) to be installed at NTPC, Patratu Thermal Power Plant (3x660 MW) located in Jharkhand.
related news Ajmera Realty jumps 5% as promoter increases stake in company D-Street Buzz: Nifty FMCG in green led by Jubilant Food, Power Grid up 2%, RIL gains HFCL rises 3% on order wins worth Rs 117 croreIts geoStructure business has secured an order from CMRL for the Central Square underground space development. The scope includes construction of diaphragm walls and three basements.
The above orders are in the range of Rs 2,500 to Rs 5,000 crore.
Recently, in the month of March the company's construction arm bagged contract for metro rail project Phase - 2 from Bangalore Metro RailCorporation. Also, its water & effluent treatment business has secured orders from prestigious clients across varied states in India.
At 10:47 hrs Larsen & Toubro was quoting at Rs 1,354, up Rs 39.05, or 2.97 percent on the BSE.
For more market news, click here First Published on Mar 7, 2019 11:00 am
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