Shares of Larsen & Toubro Ltd (L&T) are buying and selling flat after hitting a day’s excessive of Rs 3,285.45 on twentieth February, after the corporate introduced that its Minerals & Metals enterprise vertical has secured ‘massive’ orders within the metal and alumina sectors.
L&T classifies orders between Rs 2,500 crore and Rs 5,000 crore as ‘massive.’
Its Minerals & Metals vertical secured an order from Hindalco to construct an 850 KTPA greenfield alumina refinery in Odisha, masking engineering, procurement, building, and set up.
L&T has labored with Hindalco for over three many years as an EPC contractor throughout alumina, aluminium, and copper plant expansions.
The corporate additionally secured an 8 MTPA pellet plant order from a significant Indian metal producer involving engineering, manufacturing, provide, building, and set up.
DK Sen, an government committee member, highlighted L&T’s profitable completion of metal crops and alumina refinery tasks in India and the Center East.
He mentioned these new orders reinforce L&T’s management in EPC metal crops and alumina refinery tasks, showcasing its dedication to excellence and buyer satisfaction.
At 2:56 PM, the shares of L&T have been buying and selling 0.058% decrease at Rs 3,274 on NSE.
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