Shares of Larsen & Toubro (L&T) climbed over 2 percent on Thursday after the company bagged several ‘large’ projects under its various business units.
The stock of the engineering and construction conglomerate advanced 2.35 percent to settle at Rs 3,097.35 apiece on the BSE. During the day, it climbed 2.90 per cent to reach its 52-week high of Rs 3,114.
The stock emerged as the biggest gainer among the 30-share BSE Sensex firms.
L&T on Thursday said its Buildings & Factories business has bagged several ‘large’ projects under its various business units.
One of the projects is for constructing a residential township in Bengaluru, L&T said in a BSE filing.
The business has also bagged orders from a renowned developer for constructing commercial towers in Hyderabad.
Besides, it has got a contract from the Indian Institute of Technology, Kanpur to construct a super specialty hospital and an academic block, the filing said.The company classifies contracts worth Rs 2,500-5,000 crore as large orders.
Larsen & Toubro on Wednesday said its power business arm has bagged an order worth up to Rs 2,500 crore from the West Bengal Power Development Corporation Limited.The company did not provide value of the contracts but said the orders fall under the “significant” category, which ranges between Rs 1,000 crore and Rs 2,500 crore, as per its classification of contracts.