L&T shares jump four per cent as construction arm bags Rs 4,023 crore orders

L&T rose 4 per cent after the company said its construction arm has won orders worth Rs 4,023 crore across business segments.

Published: 10th November 2017 04:30 PM  |   Last Updated: 10th November 2017 06:28 PM   |  A+A-

For representational purposes (File | Reuters)

By PTI

NEW DELHI: 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.

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