Monday, 27 June 2016

L&T wins Orders worth Rs 2416 Crore

Share prices of Larsen and Toubro (L&T) gained 1.5 percent intraday as its construction arm won orders worth Rs 2416 crore across various business segment in the month of June 2016. 

The building & factories business of the company has won orders worth Rs 1165 crore, including the high rise residential project in Mumbai and construction of two towers in Kolkata.

The company's power transmission & distribution segment won order of Rs 1120 crore from domestic and international markets. The company has bagged an order from a reputed customer in the middle east, which includes construction of a medium voltage overhead line which will enhance the reliability of the existing network. 

On the domestic side, it received orders from Paschimanchal Vidyut Vitaran Nigam in Utter Pradesh.

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