Larsen and Toubro pares losses on big order
Engineering and construction major Larsen and Toubro trimmed losses to 0.24% from 0.93% after its subsidiary L&T Construction has received orders over Rs 2,044 crore since July 1.
Engineering and construction major Larsen and Toubro (L&T) trimmed losses to 0.24% from 0.93% after its subsidiary L&T Construction has received orders over Rs 2,044 crore since July 1.
In an interview with CNBC-TV18, L&T said they won order worth Rs 781 crore from NTPC Hydro and (in the road sector) Rs 645 crore EPC order from GMR Infrastructure.
Its building division secured new order worth Rs 360 crore for the construction of 23 multistoried towers. Power transmission and distribution division has received order worth Rs 258 crore from UAE for the supply and installation of 220/33 kV grid station and related 220 kV cabling and overhead lines work.
At 14:08 hours IST, the share was trading at Rs 1,449.15, down 0.24% with volumes of 1,04,994 equity shares.
Market capitalisation of the company currently stands at Rs 88,950.37 crore.