L&T shares gain 1% as buildings & factories business bags orders of Rs 4,033 crore

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L&T, so far, has bagged more than Rs 15,000 crore worth of orders during the current quarter, as per the data available on BSE.

Larsen & Toubro share price gained as much as a percent in morning on Tuesday after the buildings & factories business of L&T Construction has bagged orders worth Rs 4,033 crore.

"Buildings & Factories IC has won a prestigious order from a reputed government client for the design & construction of 1,125 numbers of residential towers of G+3 floors under PMAY Scheme at Visakhapatnam, Prakasam, Guntur, and Krishna Districts in Andhra Pradesh, to be completed within stringent timelines," the engineering and construction major said in its filing.

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It further said another order has been secured from a leading cement manufacturer for the construction of cement plants in Odisha and Andhra Pradesh on the design and build the model.

The business has bagged another turnkey order from a government client in Patna (Bihar) to establish a cancer institute along with the supply, installation, and commissioning of medical equipment, it added.

L&T, so far, has bagged more than Rs 15,000 crore worth of orders during the current quarter, as per the data available on BSE. At 09:27 hours IST, the stock price was quoting at Rs 1,323.90, up Rs 9.90, or 0.75 percent on the BSE.

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