"KPTL... has secured new orders/notification of award in excess of Rs 1,150 crore," the company said in a BSE filing today.
Ved Prakash, CMD, MMTC in an interview to CNBC-TV18 spoke about the outlook for the company going forward.
Larsen & Toubro is a USD 14 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations.
Three of the major turnkey orders received are from the Public Health Engineering Department of Rajasthan for integrated regional drinking water supply projects linking several towns and 650 villages in Barmer, Banswara and Pratapgarh districts, L&T said.
JPMorgan's Global Manufacturing Purchasing Managers' Index rose to 51.7 in August from July's 50.8, above the 50 mark that divides growth from contraction for the eighth month.
McNally Bharat Engineering on Tuesday bagged an order for a thermal power project worth Rs 970 crore. Amritanshu Khaitan, director of Mcnally Bharat Engineering says that this project will be completed in about 32 months.
All six indices, including volume of sales, selling prices, new orders, inventory, employees and profits, have declined and three of the six indices are at a four quarter low and the fourth index is at a 14 months low. So it is bad news all around unfortunately
India's PMI data shows no evidence of pick up in the domestic demand, said Sajjid Chinoy of JPMorgan, in an interview to CNBC-TV18. He added that recovery in the current quarter will only be modest.
Saket Jindal, managing director, Maharashtra Seamless, expects to see about 12-15 percent margins on the back of new orders.
Strong demand at home boosted activity at Chinese factories last month, but US manufacturing hit an unexpected speed bump after expanding rapidly in February, weakened by a slower pace of new orders.
KEC International has won new orders worth Rs 1,253 crore across its various businesses.