Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
25 June, 2018 05:54 IST
Larsen & Toubro JV secures order worth Rs 4.42 bn
Source: IRIS | 13 Mar, 2018, 08.58AM
Comments  |  Post Comment

L&T Special Steels and Heavy Forgings Private, a joint venture of Larsen & Toubro (L&T) and Nuclear Power Corporation of India (NPCIL), has received an order worth Rs 4.42 billion from NPCIL to supply forgings for steam generators.

These forgings will be used in the manufacture of the critical equipment for six new indigenous 700 MWe Pressurised Heavy Water Reactors (PHWRs). This requirement is part of the Government of India's ambitious plan to put up 10 PHWR units.

Shailendra Roy, Whole-Time Director (Power, Heavy Engg. & Nuclear), L&T, said, ''This prestigious order from NPCIL reinforces L&T's standing in the country as a major player in the nuclear power sector.''

Shares of the company gained Rs 19.7, or 1.53%, to settle at  Rs 1,309.85.  The total volume of shares traded  was  183,634 at the BSE (Monday).



Larsen & Toubro Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Sensex ends 257 points higher; Nifty settles at 10,822-level - 22-Jun-2018 15:58
Atishay bags project for Providing Technical Support Services for Rajasthan UID Project - 22-Jun-2018 12:28
IRIS Business Services appoints CDSL as designated depository - 22-Jun-2018 11:32
DHFL expects 30% growth in home loan disbursements from Karnataka - 22-Jun-2018 11:22
KPIT, Kinetiq announce strategic life sciences collaboration - 22-Jun-2018 11:09
AstraZeneca receives marketing permission for Durvalumab in India - 22-Jun-2018 11:05
JSW Steel to invest USD 500 mn to upgrade Acero Junction plant in USA - 22-Jun-2018 11:01
Capacite Infra led consortium bags Rs 117.44 bn MHADA redevelopment project - 22-Jun-2018 10:56
HCL Technologies partners with Nokia for digital transformation - 22-Jun-2018 10:24
Sensex slips nearly 70 points; Nifty below 10,750-level - 22-Jun-2018 10:18
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer