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L&T rallies 2% on winning orders worth Rs 1255 cr in March

The company's building and factories business secured a major order for design and construction of a residential building worth Rs 825 crore from a premium developer in Bengaluru. The power transmission and distribution business bagged new orders worth Rs 430 crore.

March 19, 2015 / 13:23 IST
     
     
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    Moneycontrol Bureau

    Shares of Larsen & Toubro jumped over 2 percent intraday on Thursday after its construction arm won orders worth Rs 1255 crore across various business segments in March 2015 so far.

    The company's building and factories business secured a major order for design and construction of a residential building worth Rs 825 crore from a premium developer in Bengaluru. The power transmission and distribution business bagged new orders worth Rs 430 crore.

    On global front, L&T secured an order from a private developer for design, supply, installation, testing and commissioning of a 132/11 KV substation in Dubai.

    At 11:46 hrs L&T was at Rs 1,726.10, up Rs 25.45, or 1.50 percent on the BSE.

    (Posted by Nasrin Sultana)

    first published: Mar 19, 2015 11:58 am

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