Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, on January 13 announced that its subsidiary L&T Construction has secured orders from prestigious clients for various businesses. The estimated project value is Rs 10-25 billion.
The company's Metallurgical and Material Handling (MMH) business has received orders to construct a metallurgical plant in the domestic market, add on orders from an overseas package and product supply orders from various customers. Traction in metal prices gives a good outlook for the business in the near and medium term.
L&T's Power Transmission & Distribution Business has bagged an Engineering, Procurement, Construction and Commissioning (EPCC) Contract to construct a 500kV Transmission Line in Malaysia that comes at the heels of the successful completion of a similar 500kV project in West Malaysia. The proposed overhead line will facilitate power evacuation from an upcoming combined cycle power generating facility in the region.
Shares of the company gained Rs 8.1, or 0.6%, to trade at Rs 1,357.85. The total volume of shares traded was 109,642 at the BSE (11.10 a.m., Wednesday).
