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L&T gains on order win of Rs 2,231 crore

SI Reporter/Mumbai 19 Jun 17 | 09:43 AM
Related to : Larsen & Toubro Ltd
 Larsen & Toubro Ltd
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BSE   23 Jun 17 | 12:01 PM

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NSE   23 Jun 17 | 11:54 AM

1722.50  -13.9 (-0.8%)

Larsen & Toubro (L&T) was up 1.4% to Rs 1,752 on the BSE in early morning trade after the company said its construction arm has won orders worth  Rs 2,231 crore across various business segments.

The company’s building & factories business has bagged a turnkey order worth  Rs 1,324 crore from Andhra Pradesh Township Infrastructure Development Corporation, for the construction of residential buildings in the West Godavari District of Andhra Pradesh.

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The project is the part of the Pradhan Mantri Awas Yojana (PMAY) scheme and consists of residential tenements for the economically weaker section.

The company’s power transmission & distribution (PT&D) business segment has been secured a transmission line order worth of Rs 540 crore from the Power Grid Corporation of India.

The water & effluent treatment business has won order worth of Rs 367 crore from Tamil Nadu Water Supply & Drainage Board to execute a dedicated water supply project for Erode Corporation.

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