L&T bags construction orders worth Rs 2,500 crore; shares jump 5%

Mumbai: Larsen & Toubro on Monday said that it has bagged orders for buildings and factories construction and power transmission and distribution projects, totalling in the range of Rs 1,000 crore to Rs 2,500 crore.

Shares of L&T gained almost 5% on Monday, driven by news of order wins. ET had exclusively reported on Saturday that the company had emerged the lowest bidder for three orders worth around Rs 5,500 crore, which includes an order from the Nuclear Power Corporation of India for its Kudankulam project, according to sources. (‘Larsen & Toubro slated to win three orders worth Rs 5,500 crore’)

In a statement on Monday, the company said that it has received an add-on order from a reputed developer for the core and shell works of two wings of a tower in addition to the non-tower area works. It also bagged another job to design and build a multispecialty hospital at Nagpur and another building construction order for a mixed use building at Bengaluru for an information technology company.