L&T bags orders across multiple business segments

Larsen and Toubro has bagged orders across its business segments. The shares of the company were volatile till noon.

Larsen & Toubro’s (L&T) construction arm, L&T Construction has secured orders from prestigious clients across various Indian states for its varied businesses. On the domestic front, the Power Transmission and Distribution has secured orders for urban electricity distribution from a state distribution utility. Another order for turnkey construction of a 400kV and 220kV Transmission Lines has been secured from a state transmission utility.

In the international market, an order has been secured for the supply, installation and commissioning of 132kV underground cables in the United Arab Emirates (UAE). In Ethiopia and Uganda, orders have been received for establishing distribution networks involving medium/ low voltage distribution lines and last mile consumer connections. The business has also won an order, in a consortium, for the supply and construction of Battery Energy Storage Systems for 115kV substations in Chaiyaphum and Lopburi provinces of Thailand.

L&T’s defence business unit of Heavy Civil Infrastructure has secured order from one of the major Defence PSUs for the construction of a strategic project for the Indian Air Force. Further, L&T’s Water and Effluent Treatment business has secured orders from the Gujarat Water Infrastructure for supplying, lowering, laying, jointing, testing and commissioning of an MS pipeline.

The shares of the company on Thursday opened at Rs. 1514.40 against Wednesday’s close of Rs. 1499.15. At 13:05 hours, it was trading at Rs.1,495, 0.28 per cent lower than its previous close. Intraday high was Rs. 1,514.40 and intraday low was Rs. 1,491. Its 52-week high was Rs. 1,606.70 and 52-week low was Rs. 1,183.40.