L&T shares gain after 'significant' order win for Nuclear Power Corp project in Tamil Nadu

Larsen and Toubro Ltd. on Tuesday, September 16, said its heavy civil infrastructure business vertical won a "significant" order from the Nuclear Power Corporation of India Ltd. for a project in Tamil Nadu.

L&T classifies orders in the ₹1,000 crore to ₹2,500 crore range as "significant".

The order is for a 2x1000 Mwe Kudankulam Nuclear Power Project (KKNPP-5&6) in Tamil Nadu.

The scope of work includes mechanical package for the project, including installation of the nuclear reactor and turbine systems, sea water systems, polar and trestle cranes and other related equipment, L&T said. It also includes accessories, piping, painting, structural steelwork, supports, anti-corrosion coating, insulation and full testing across various buildings and structures on the site, it added.

On Monday, September 15, L&T said its transport infrastructure business vertical secured a "large" order from the National High Speed Rail Corporation Ltd.

It is for the construction of a 156 route km of high-speed ballastless track for the Mumbai-Ahmedabad High Speed Rail Corridor.

L&T shares gained 1.1% to hit an intraday high of ₹3,626 apiece on Tuesday. The stock has gained 14.2% in the last six months.

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