L&T Construction bags order valued at Rs. 2,106 crore

The construction arm of Larsen&Toubro has won orders across two of its business segment, viz. Water and Effluent Treatment Business and L&T GeoStructure.

The Water and Effluent treatment business has secured an order worth Rs. 1,954 crore for investigation, design and for construction of roads, bridges, storm water drains, water supply, sewerage, utility ducts for power & ICT, reuse waterline, avenue plantation and artificial water body compatible with trunk Infrastructure in layouts for Amaravati government complex in Amaravati Capital City, Andhra Pradesh. This part order has been granted by Andhra Pradesh Capital Region Development Authority (APCRDA). The Transportation Infrastructure Business of L&T Construction will lend a hand in execution of the project.

The Water and Effluent business has secured yet another turnkey order from the Jharkhand Urban Infrastructure Development Company Limited (JUIDCO) to execute drinking water supply projects in the Hazaribagh and Ranchi districts of Jharkhand. This would engage the company to design, engineer, supply and construction of raw water and clear water transmission and distribution pipelines and related activities.

L&T GeoStructure has bagged orders worth Rs. 152 crore from BHEL for the execution of pile caps, pedestals, piers, deep foundation-supported bridges and gallery, for a Coal Handling and Ash Handling Plant of the 2x660 MW STTP at Ennore in Chennai.

On Wednesday, the shares of L&T opened higher at Rs. 1,413 against Friday’s close of Rs. 1,419.65. At 14:19 hours, the shares of the company were trading at Rs. 1,402.70, down by 1.19 per cent despite the order announcement. The intraday high was Rs. 1,418.45 and intraday low was Rs. 1,401.10 per share on the BSE. Its 52-week high was Rs. 1,469.60 and 52-week low was Rs. 1,176 per share on the BSE.

Meanwhile, the BSE Sensex was at 35,884.71 level, down by 0.69 per cent and the Nifty50 was at 10,783.50 level, down by 0.79 per cent.