L&T rallies 3% as company bags fresh orders

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L&T rallies 3% as company bags fresh orders
The share price of Larsen and Toubro (L&T) rallied 3 per cent in trade today as the company's construction arm won fresh orders.

The stock was last trading at Rs 833, up 3 per cent over its previous close on the Bombay Stock Exchange.

L&T has said that its Construction arm, Larsen and Toubro Construction won new orders worth Rs 1605 crores across various business segments.

The Buildings & Factories Business bagged an order valued Rs 445 crores from Hospital Services Consultancy Corporation (India) Limited for the construction of a super specialty cum new paid ward including associated services at Safdarjung Hospital, New Delhi.

The Metallurgical & Material Handling Business secured a new EPC order worth Rs 307 crores from a reputed customer for the construction of a sinter plant in eastern India.

The Power Transmission & Distribution Business has bagged a major order worth Rs 675 crores from Kudgi Transmission Limited.

"The scope includes detailed engineering, survey, civil works, installation, testing and commissioning of three 400 kV and one 765 kV double circuit line transmission system to evacuate power from the 3 x 800 MW Kudgi Thermal power station in Bijapur District, Karnataka," the firm stated in a release.


Story first published: Tuesday, October 8, 2013, 12:06 [IST]
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