Larsen & Toubro (L&T), an engineering and construction conglomerate, announced that the construction arm of L&T has won orders worth Rs 20.08 billion including two new international orders in the months of November and December 2014.
The business has secured new orders worth Rs 10.58 billion. An international EPC order has been won from an Algerian transmission utility company - SONELGAZ - GRTE (National Society for Electricity and Gas). The order is for engineering, procurement, construction, testing and commissioning of 220/60 kV EHV substation at Bougzoul. Additional orders worth Rs 3.19 billion have been received for various transmission line and substation works of various ongoing jobs.
The Business has secured orders worth Rs 9.2 billion. A major international order has been bagged for the construction of a midfield airport terminal building and car park at Abu Dhabi against stiff international competition.
Heavy Civil Infrastructure and Water & Renewable Energy Businesses orders worth Rs 300 million (0.3 billion) have also been received from various ongoing jobs of Heavy Civil Infrastructure and Water & Renewable Energy Businesses.
Shares of the company declined Rs 7.85, or 0.5%, to trade at Rs 1,553.30. The total volume of shares traded was 57,944 at the BSE (11.19 a.m., Wednesday).