Larsen and Toubro wins MSRDC order

The construction arm of Larsen & Toubro has won orders worth Rs. 2,654 crore across two of its business segments from Maharashtra State Road Development Corporation Limited (MSRDC). 

The transportation infrastructure segment of L&T has bagged an order for the construction of Package 10 of the six-lane Nagpur Mumbai Super Communication Expressway at District Aurangabad, from Village Fatiwabad to Village Surala in Maharashtra. The project has a tenure of 30 months. The project includes the construction six-lane rigid pavement carriageway, service roads cart tracks, 3 interchanges, 1 ROB, 4 major bridges, 5 canal bridges, 19 minor bridges, 79 culverts, 1 VOP and 49 vehicular underpasses.

On the other hand, the Heavy Civil Infrastructure business segment has bagged order worth Rs. 559 crore from MSRDC to construct the Thane Creek Bridge-III. This would engage the L&T segment in the construction of a 1.837 Km dual bridge across the Thane Creek Channel connecting Mumbai and Navi Mumbai.

 On Monday, the shares of the company opened at Rs. 1,375 per share versus a previous close of Rs. 1,369 per share on the BSE. The intraday high was Rs. 1,389 per share and intraday low was Rs. 1,374 per share on the BSE. Its 52-week high was Rs. 1,469.60 and the 52-week low was Rs. 1,116.45 per share on the BSE.
 

At 12:04 hours, the shares of L&T were at Rs. 1379.45 per share up by 0.76. The BSE Sensex was at 38,735.70 level up by 0.23 and Nifty was at 11,709.10 up by 0.24 per cent.