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

Rs 1,264.95.

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

BSE filing.

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.)