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)


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.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp