Shares of Larsen & Toubro (L&T) rose 2 per cent to Rs 1,569.75 on the BSE in intra-day trade on Monday after L&T Construction, the construction arm of L&T, secured significant contracts for its various businesses. The stock of the construction and engineering major was trading higher for the third straight day. It was quoting close to its record high level of Rs 1,593 touched on February 2, 2021.
While the company did not disclose the value of the order, it generally classifies them as significant if the value is in the range of Rs 1,000-2,500 crore.
The water and effluent treatment business of L&T Construction has bagged an order from Bangalore Water Supply & Sewerage Board (BWSSB) to design, build and operate sewage treatment plants,
