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Larsen & Toubro Unit Wins Over Rs 2,500-Crore Contracts, Shares Jump

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Engineering main L&T classifies orders to the tune of Rs 2,500 crore-Rs 5,000 crore as giant

Construction main Larsen & Toubro (L&T) stated on Tuesday that its unit, L&T Construction, bagged contracts value greater than Rs 2,500 crore. L&T Construction was awarded giant contracts for its numerous companies, the Mumbai-based Larsen & Toubro stated in a regulatory submitting. The engineering main classifies orders within the vary of Rs 2,500 crore-Rs 5,000 crore as giant. Shares of Larsen & Toubro jumped as a lot as 4.67 per cent to Rs 949.60 apiece on the BSE after the announcement.

L&T Construction secured an engineering, procurement and building (EPC) contract for its transportation infrastructure enterprise, to assemble Packages 11 and 22 of the Delhi-Vadodara Expressway, the corporate stated on Tuesday morning.

When accomplished, the Delhi-Vadodara Expressway would be the nation’s longest expressway beneath the National Highways Authority of India’s Bharat Mala programme, it stated.

The firm additionally secured an EPC contract from the state authorities for the reconstruction of the four-lane Tallah highway overbridge in West Bengal.

In its water and effluent therapy enterprise, L&T Construction bagged EPC orders to implement water provide schemes for Shivhar and Parasi group of villages in Mahoba and Sonbadhra districts respectively.

The L&T subsidiary stated the tasks are designed to supplied secure and potable consuming water to three.78 lakh rural inhabitants within the two districts, and are half of a bigger programme of the state authorities to supply piped consuming water to each rural family.

At 12:19 pm, the L&T inventory traded 4.47 per cent greater at Rs 947.80 apiece on the BSE, outperforming the benchmark S&P BSE Sensex index which was up 0.68 per cent.



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