Larsen & Toubro has announced that its Construction arm has secured orders from some of its prestigious clients for various businesses. The contract amount stands somewhere between Rs1,000-2,500cr, it said.
The company's stock was trading at Rs1,354.75 per piece up by 0.37% on the BSE at around 12:18 PM.
Metallurgical & Material Handling Business:
Metallurgical and Metal Handling (MMH) business has received orders to construct metallurgical plant in the domestic market, add on orders from an overseas package and product supply orders from various customers. Traction in metal prices gives a good outlook for the business in the near and medium term.
Power Transmission & Distribution Business:
L&T's Power Transmission & Distribution Business has won an Engineering, Procurement, Construction and Commissioning (EPCC) Contract to construct a 500kV Transmission Line in Malaysia that comes at the heels of the successful completion of a similar 500kV project in West Malaysia. The proposed overhead line will facilitate power evacuation from an upcoming Combined Cycle Power Generating facility in the region.