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Nov 10, 2017 12:27 PM IST | Source: Moneycontrol.com

L&T hits 52-week high as construction arm wins orders of Rs 4023 crore

The heavy civil infrastructure business has won orders worth Rs 1906 crore, which includes major government order of Rs 1825 crore in JV with international partner.

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Shares of Larsen & Toubro (L&T) touched a 52-week high of Rs 1,274, rising nearly 5 percent intraday Friday as it construction arm won orders worth Rs 4023 crore.

The heavy civil infrastructure business has won orders worth Rs 1906 crore, which includes major government order of Rs 1825 crore in JV with international partner.

The company's building & factories business won order worth Rs 830 crore for construction of a cancer hospital in Muscat, Oman.

The water and effluent treatment segment has received engineering, procurement & construction orders worth Rs 788 crore.

The power transmission segment bagged orders worth Rs 342 crore and smart world communication business has bagged order worth Rs 157 crore.

At 12:24 hrs Larsen & Toubro was quoting at Rs 1,270.80, up Rs 54.20, or 4.46 percent on the BSE.

Posted by Rakesh Patil
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