Larsen & Toubro gains on winning orders worth Rs 2,674 crore

Shares of Larsen & Toubro (L&T) has moved higher by nearly 3% to Rs 1,736 on the National Stock Exchange (NSE), after the company’s construction arm won orders worth Rs 2,674 crore across various business segments Stock Market Trading Tips

In the transportation infrastructure business, a major order has been received from a private infrastructure developer for the engineering, procurement and construction (EPC) of four-laning of the Hospet-Chitradurga road section inKarnataka under the National Highways Development Project (NHDP) Phase III, L&T said in a press release.

The power transmission and distribution business has bagged an EPC order from a reputed oil refinery company in Middle East for enhancement of their existing electrical facilities, it added Financial Astrology Trading Tips

The company said its solar business has received orders for the turnkey constructions of solar photovoltaic power plants from multiple private solar developers.

The stock opened at Rs 1,695 and touched a low of Rs 1,686 on the NSE in noon deal trade. A combined 1.56 million shares changed hands on the counter till 1444 hours on the NSE and BSE Intraday Trading Tips