L&T bags construction orders worth Rs 2,674 crore; stock surges

MUMBAI: Larsen & Toubro said Wednesday that it has bagged construction orders worth Rs 2,674 crore from different sectors.

Reacting to the news, shares of Larsen & Toubro rose 3.6% in intraday trade. The stock ended the day at Rs 1,744.9, up 3.29%.

These orders include a “major order” from a private infrastructure developer for the engineering, procurement and construction ( EPC) of four-laning of the Hospet-Chitradurga road section in Karnataka under the National Highways Development Project (NHDP) Phase III, the engineering major said.

The company also received another EPC order from an oil refinery company in Middle East for the enhancement of their existing electrical facilities. The solar business has received orders for the turnkey construction of solar photovoltaic power plants from multiple private solar developers, the company said.