Shares of Larsen and Toubro are on buyers' radar after the company announced bagging new orders worth Rs 1605 crore across various business segments. The stock jumped over 3 percent intraday on Tuesday.
Out of the total orders, its buildings and factories division won an order valued Rs 445 crore from Hospital Services Consultancy Corporation (India) Limited for construction of a super specialty cum new ward at Safdarjung Hospital, New Delhi.
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The metallurgical and material handling business bagged a turnkey order worth Rs 307 crore for the construction of a sinter plant in eastern India.
"The company's power transmission and distribution business has bagged an order worth Rs 675 crore from Kudgi Transmission. In the heavy civil infrastructure business additional order worth Rs 178 crore has been received," L&T said in a filling to the BSE.
At 14:05 hrs Larsen and Toubro was quoting at Rs 831.15, up Rs 22.30, or 2.76 percent on the BSE.
(Posted by Nasrin Sultana)
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