Shares of Larsen and Toubro Ltd (L&T) have been buying and selling within the inexperienced on 24 October after the corporate introduced that its minerals and metals enterprise vertical had lately earned “massive” contracts in India.
L&T considers orders within the Rs 2,500 crore to Rs 5,000 crore vary as ‘large’. Hindalco has positioned an order to construct a 180 KTPA aluminium smelter and gasoline remedy facility for its deliberate greenfield venture in Odisha.
The scope of labor for the aluminium smelter job consists of civil and structural works, in addition to provide and erection, and for the GTC job, engineering, procurement, building (EPC) and plant set up.
L&T additionally acquired an order from Tata Metal to put in a 1 MTPA coke oven battery 6 A/B in Jamshedpur. The scope of labor includes engineering, manufacturing, provide, building, and plant set up.
The minerals and metals enterprise sector has additionally acquired numerous orders from purchasers throughout India for mining and materials dealing with gear corresponding to stacker reclaimers, wagon tipplers, crushers, and floor miners.
“These order wins throughout the aluminium and metal sectors are a testomony to L&T’s engineering excellence, execution functionality and enduring buyer relationships,” T Kumaresan, senior vice-president and head of minerals and metals at L&T, stated.
At 12:37 pm, the shares of Larsen and Toubro have been buying and selling 0.07% larger at Rs 3,921.80 on NSE.
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