L&T’s development arm luggage ‘significant’ orders in abroad, home market

Infrastructure firm Larsen & Toubro (L&T) on Thursday stated its development arm has acquired orders within the abroad and home market.
The firm didn’t present the worth of the contracts, however stated the orders fall underneath the ‘significant’ class, which ranges between Rs 1,000 crore and Rs 2,500 crore, in line with the classification of contracts.
“The construction arm of L&T has secured orders from prestigious clients for two of its businesses,” L&T stated in a regulatory submitting.
L&T stated its energy transmission and distribution enterprise has gained two transmission line packages within the Kingdom of Saudi Arabia. These strains are anticipated to strengthen the grid within the Eastern Region of Saudi Arabia and facilitate energy evacuation.
Its water and effluent remedy enterprise has secured an EPC (engineering, procurement, and development) order in Gujarat to execute a bundle within the SAUNI Yojna Link 3.
Saurashtra Narmada Avtaran Irrigation (SAUNI) is a challenge launched by the federal government to fill varied reservoirs by diverting floodwaters overflowing from the Sardar Sarovar Dam throughout the Narmada river to drought areas in Gujarat.

L&T stated it has already accomplished 4 packages within the Sauni Yojana for a similar consumer.
Shares of L&T have been buying and selling 0.70 per cent increased at Rs 1,300.60 apiece on BSE.