L&T Construction Secures Rs 2,654 Cr New Orders; Shares Hit New One Month High | CORPORATE ETHOS

L&T Construction Secures Rs 2,654 Cr New Orders; Shares Hit New One Month High

By: | September 3, 2018
L&T Ltd

Sep 3: L&T Construction, the construction arm of Mumbai-based Larsen & Toubro (L&T) on Monday said that it has won new orders worth Rs 2,654 crore across its various business segments.

The Transportation Infrastructure business of the company has bagged a new order worth Rs 2,095 crore from Maharashtra State Road Development Corporation Ltd (MSRDC), for the construction of Package 10 of the Six-lane Nagpur Mumbai Super Communication Expressway in the state of Maharashtra.

According to the company, this project is to be completed in 30 months and involves construction of 57.95 KMs of six-lane rigid pavement carriageway, 12.77 Km of service roads, 6.4 Km of cart tracks, 3 Interchanges, 1 ROB, 4 major bridges, 5 canal bridges,19 minor bridges / canal bridge, 79 culverts, 1 VOP and 49 vehicular/pedestrian/cattle underpasses.

Meanwhile, the company’s Heavy Civil Infrastructure business also bagged an order worth Rs 559 crore from Maharashtra MSRDC for construction of the Thane Creek Bridge-III. The project involves construction of a 1.837 Km dual bridge across the Thane Creek Channel connecting Mumbai and Navi Mumbai.

“This bridge once constructed will provide seamless connectivity between Mumbai and Vashi,” the company says.

L&T shares hit new one month high of Rs 1,389 intraday Monday on BSE after the news came in. At 11.37 am, the Rs 2 face value shares were trading at Rs 1,380.15, up 0.80% from the previous closing of Rs 1,369.10.