The water and effluent treatment business has secured orders from the Madhya Pradesh Jal Nigam Maryadit.
Share price of Larsen and Toubro (L&T) gained 2 percent intraday Thursday as company's construction arm has won orders worth Rs 2,388 crore.
The water and effluent treatment business has secured orders from the Madhya Pradesh Jal Nigam Maryadit for the execution of Satna, Kundatiya and Mohanpura multi village rural water supply schemes on turnkey basis.
The projects are funded by the New Development Bank.
Another EPC order has been received from the Tirunelveli Municipal Corporation for providing Underground Sewerage Scheme (UGSS) to additional areas of Tirunelveli Corporation - Phase II.
A meeting of the board of directors of the company will be held on July 25 to consider and approve the unaudited financial results of the company for the quarter and three month period ended June 30, 2018.
At 13:29 hrs Larsen & Toubro was quoting at Rs 1,300.40, up Rs 25.35, or 1.99 percent on the BSE.
Posted by Rakesh Patil