L&Ts construction arm secures significant contract

L&T, an Indian multinational EPC, manufacturing, defence & services company’s construction arm announced that it has received a significant contract ranging between Rs 1,000 crore and Rs 2,500 crore from prestigious clients for its various business arms. The announcement was made today soon after the market opened after a long weekend.

The water & effluent treatment segment of the company bagged a repeat EPC order to execute the Tapi–Karjan pipeline link irrigation scheme from Narmada Water Resources, Water Supply & Kalpsar Department (NWRWS & KD). The scope of the project includes survey, design, procurement, construction, and installation of pumping systems, pipeline distribution networks with all allied works, etc.

The power transmission & distribution segment of the company received two more packages to provide electrical & mechanical systems for tunnels from the implementing agencies of the Udhampur-Srinagar-Baramulla Rail Link Project. The scope of these packages involves 33kV & 11kV HT power cable network, GIS substations, DG sets, tunnel lighting, ventilation & firefighting systems, and supervisory control & data acquisition (SCADA) system.

At around 11 am, the share was trading in line with its previous close of Rs 902.95. The share has an intraday high of Rs 908.5 and an intraday low of Rs 898.55 on BSE.