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19 December, 2018 19:54 IST
Larsen & Toubro wins orders worth Rs 11.27 bn
Source: IRIS | 04 Dec, 2018, 09.29AM
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The construction arm of Larsen & Toubro (L&T) has won orders worth Rs 11.27 billion across two business segments.

The metallurgical and material handling business has secured orders worth Rs 7.55 billion. An order has been secured from Hindustan Zinc Ltd (Q,N,C,F)* for the construction of an 1.5 MTPA LeadZinc Beneficiation Plant at R D Mines, Rajasthan, thereby continuing to build customer confidence and leadership position in this segment.

The business has also secured various add-on jobs from existing customers in both domestic market and well as in the Middle-East region across various product segments.

The buildings and factories business has secured an order worth 3.72 billion. The Factories business unit of the Buildings and Factories vertical has secured a prestigious order for the brownfield expansion of Viscose Staple Fibre manufacturing facility from Grasim Industries (Cellulosic division) at Vilayat, Bharuch, Gujarat. The scope includes civil, structural, architectural and external development works. The business has earlier executed a green-field project at the same location for Grasim industries.

Shares of the company gained Rs 1.65, or 0.12%, to trade at Rs 1,426.40. The total volume of shares traded was 1,119 at the BSE (9.20 a.m., Tuesday).

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