Larsen & Toubro (L&T) Friday said its construction arm has won orders worth Rs 2,547 crore in the domestic and international markets. “L&T’s power transmission and distribution business has secured orders worth Rs 2,547 crore. On the international front, the business has won a major order in Tanzania for the construction of a 220 kV (kilo volts) transmission line between Dar es Salaam and Morogoro, which in turn will help electrification of a standard gauge railway line,” the engineering and construction major said in a BSE filing.
L&T said it has also received two other orders in northern region of Africa for substations and an order in Thailand for the supply and construction of a 230kV gas insulated substation that will cater to the Greater Bangkok area. In India, L&T’s power transmission and distribution business has secured multiple orders including building 132kV substations and associated transmission lines in Jharkhand and a turnkey order has been secured for the construction of 220kV & 132kV transmission lines in West Bengal. Shares of L&T were trading 0.25 per cent higher at Rs 1,383 apiece.
Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.
Source: Financial Express