L&T gains 3% on significant order wins for water & effluent treatment biz
Shares of Larsen & Toubro (L&T) were trading 3 per cent higher at Rs 1,936.55 on the BSE in Friday’s intra-day trade after the engineering & construction company said it has won significant orders for its water & effluent treatment business.
The company did not disclose the exact value of the orders. The significant value of the project is between Rs 1,000 crore to Rs 2,500 crore, as per L&T.
The company said it has secured repeat orders from the Narmada Water Resources, Water Supply & Kalpsar Department, Government of Gujarat, to execute pumping system and pipeline works from Tappar Dam to Nirona Dam (Northern Link). This is the single largest order secured by the business in Gujarat.
