Larsen & Toubro (L&T), an engineering and construction conglomerate, announced that L&T's Metallurgical and Matearial Handling (MMH) business has secured new orders worth Rs 20.3 billion. The orders are in the steel, port and bulk material handling sectors in the second quarter of FY 14-15.

L&T's scope includes construction and balance of plant of a coke oven battery as well as large capacity conveying system including yard machines at major ports. The contract also includes a coal handling plant at the mine heads of the Northern coal fields and the Mahanadi coal fields.

The orders are clear signs of the change in the investment climate in both Mettallurgical and Bulk Materials handling sectors where L&T continues to maintain its leadership position.

Shares of the company gained Rs 5.65, or 0.38%, to trade at Rs 1,481.80. The total volume of shares traded was 72,525 at the BSE (11.09 a.m., Monday).