L&T Construction awarded significant contracts for various businesses.

Shares of Larsen & Toubro fell ~2% even as the company's construction arm was awarded with orders for various businesses.

Power Transmission and Distribution: The business has secured various orders both in India and overseas. In Maharashtra, an empanelment and rate contract has been awarded to provide off-grid DC solar photovoltaic water pumping systems with standalone lighting systems for farmers in the Aurangabad, Nashik and Pune revenue divisions. These systems will have provision for mobile charging, transfer of automated meter reading and water discharge reading data.

In the United Arab Emirates, the business has secured an order for the design, supply and construction of a 132kV Substation project with associated 132kV cabling works from one of the government utilities. Additional orders have been won in ongoing projects in the Middle East.

Transportation Infrastructure: The business has secured a major add-on order from an existing client in Qatar for an Expressway. Additionally, various add-on orders have been received by some existing projects in the Water and Effluent Treatment (WET) and Metallurgical and Material Handling (MMH) businesses.

Larsen & Toubro Ltd is currently trading at Rs1,290 down by Rs23.55 or 1.79% from its previous closing of Rs1,313.55 on the BSE.

The scrip opened at Rs1,311 and has touched a high and low of Rs1,312.90 and Rs1,286.55 respectively. So far 54,54,122 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs1,84,367.43cr.




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