LT hits 52-week high after construction arm bags orders in India abroad

Stocks

The power transmission & distribution business has bagged an order for the turnkey construction of a sub-station in Saudi Arabia.

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Larsen & Toubro (L&T) share price touched a 52-week high of Rs 1,679.90, up 2.5 percent intraday after its construction arm won a slew of orders.

“L&T Construction, the construction arm of L&T has won a slew of orders in India and abroad for its various businesses,” as per the company release.

The buildings & factories business has secured an order to construct multi-level parking and advocates chamber for The Hon’ble High Court at Allahabad with an approximate built-up area of 20 Lakhs Sq. ft.

The scope of work involves design, engineering, procurement, and construction of civil and related MEP works. The project is scheduled to be completed in 27 months.

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The power transmission & distribution business has bagged an order for the turnkey construction of a substation in Saudi Arabia.

The scope of the gas insulated substation project involving four different voltage levels up to 380kV comprises the associated control, protection, automation, telecommunication systems and civil & electromechanical works.

The smart world & communication business of the company has bagged yet another Smart City project, awarded by the Moradabad Smart City Limited.

At 10:32 hrs Larsen & Toubro was quoting at Rs 1,683.15, up Rs 45.50, or 2.78 percent on the BSE.