Shares of Larsen & Toubro Ltd (L&T) ended 1.5% greater on twenty eighth October after the corporate introduced that its heavy engineering division has just lately secured ‘vital’ orders in each worldwide and home markets.
L&T has categorized the most recent offers as ‘vital’, that means they fall throughout the Rs 1,000 crore to Rs 2,500 crore vary.
The corporate’s heavy engineering division secured a number of worldwide orders. These embrace one from the US to fabricate vessels for an NGL fractionator undertaking and a cartridge for a blue ammonia undertaking in Louisiana. It additionally gained contracts in Mexico for ammonia and urea processing tools. Moreover, it secured an order in Brazil for crucial warmth exchangers.
In Saudi Arabia, L&T obtained an order for a refinery and petrochemical advanced. This concerned amending a key contract for the HOFCC reactor and regenerator revamp.
The corporate additionally gained nuclear sector orders for crucial tools to be provided to each home and worldwide tasks.
In India, it bagged an order for 2RK65 warmth exchanger tools. That is for a significant 3 MMTPA PTA7 undertaking at Dahej, Gujarat.
L&T stated it continues to take care of its full-year steering for income progress, margins, and order influx. It’s set to announce its Q2 outcomes on Wednesday, twenty ninth October.
At 3:30 PM, shares of L&T ended 1.47% greater at Rs 3,981.60 on NSE.
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