L&T bags orders worth Rs. 3,551 crores
Tanay Loya / 26 Oct 2017
L&T construction has announced that it has won orders worth Rs. 3,551 crore across its various business segments.
L&T construction has announced that it has won orders worth Rs. 3,551 crore across its various business segments.
The company’s Building and Factories business has secured an order worth Rs. 866 crore from a government client for the design and construction of 22 towers. While its Water and Effluent Treatment business has also received EPC orders worth Rs. 572 crores, the company said in a press release.
The Transportation and infrastructure business segment has received an order of Rs. 777 crore from PWD Delhi for construction of integrated transit corridor development plan in and around Pragati Maidan. The company has also won an order of Rs. 1,123 crore from a government client for design and construction of smart truck infrastructure.
The company also said that it has received a Telecommunication systems order worth Rs. 213 crores from Metro link Express for Gandhinagar and Ahmedabad (MEGA) Company.
Larsen and Turbo (L&T) is an Indian MNC engaged in engineering, construction, technology, manufacturing and financial services generating revenues to the tune of US$ 17 billion.
At 9:57 am, the stock of Larsen & Toubro was trading at Rs 1,230.60 per share, up Rs 26.4 or 2.19 per cent from its previous closing price of Rs 1,204.20. The scrip opened at Rs 1209.95 and touched a high and low of Rs 1231 and Rs 1209.15, respectively on NSE.
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