L&T shares designate rises 3% on yell wins

Its residential arm has received an yell from a Bengaluru-based developer for a residential complex.

Contracts from home customers lifted the section designate of Larsen & Toubro 3 p.c intraday on April 17.

The stock used to be trading at Rs 924.05, up 1.32 p.c, on the BSE at 1354 hours.

“The constructions & factories (B&F) commercial of L&T Building has secured critical orders from prestigious customers in India,” the engineering and building essential suggested BSE.

As per the firm’s classification, “critical orders” range between Rs 1,000 and Rs 2,500 crore.

“The factories arm of B&F commercial has secured a procure and construct yell from a leading cement manufacturer to achieve and commission a 9,500 TPD cement plant at Ametha, Katni, Madhya Pradesh,” L&T talked about.

Its residential arm received an yell from a Bengaluru developer for a residential complex with a constructed-up self-discipline of 5 million square toes.

The firm’s IT office spaces arm has secured an yell from a govt organisation to construct trim data centres at Hyderabad and Chennai, with a complete constructed-up self-discipline of two.68 lakh square toes.

“The scope of work involves engineering, procurement, building, commissioning, operation and upkeep for both the locations,” L&T talked about.

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First Published on Apr 17, 2020 02: 17 pm

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