L&T shares jump 4% as construction arm bags Rs 4k cr orders
Shares of engineering major
Larsen & Toubro (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 BSE. Intra-day, it surged 4.71 per cent to Rs
1,274 -- its 52-week high.
At NSE, shares of the company jumped 4 per cent to end at
In terms of equity volume, 4.51 lakh shares of the
company were traded on BSE and over 56 lakh shares changed
hands at NSE during the day.
"The construction arm of L&T has won orders worth Rs
4,023 crore," the engineering and construction major said in a
L&T 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 L&T has won an
order worth Rs 157 crore.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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