Moneycontrol
Last Updated : Dec 31, 2018 10:07 AM IST | Source: Moneycontrol.com

L&T shares gain after power distribution segment wins big orders

L&T, so far, has bagged Rs 25,000 crore worth of orders in October-December quarter along with ONGC's oil & gas subsea project received by its hydrocarbon engineering division, as per BSE announcement.

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Larsen & Toubro shares gained 0.7 percent in morning on Monday after its power transmission and distribution segment bagged orders worth over Rs 2,000 crore.

"The power transmission and distribution business of L&T Construction has secured EPC orders worth Rs 2,084 crore," the engineering and construction major said in its filing.

On the international front, the business has won a major order in the Kingdom of Saudi Arabia for the construction of 115kV Substations with associated transmission lines and cable circuits and another order for 132kV cable works for a substation has also been awarded in Dubai, UAE.

It also secured a 275kV Substation order in the Sarawak state of Malaysia.

On the domestic front, the business has secured EPC orders from reputed developers to build 235 MW of solar photovoltaic power projects in Tamil Nadu and Rajasthan while another order for a rural electricity infrastructure development project under the DDUGJY scheme was received in West Bengal.

L&T, so far, has bagged Rs 25,000 crore worth of orders in October-December quarter along with ONGC's oil & gas subsea project received by its hydrocarbon engineering division, as per BSE announcement.

The stock in last three months gained more than 14 percent. At 09:52 hours IST, the stock was quoting at Rs 1,447.50, up Rs 8.45, or 0.59 percent on the BSE.
First Published on Dec 31, 2018 10:06 am
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