L&T wins orders worth up to ₹15,000 crore this week; stock rises nearly 3%

Larsen and Toubro Ltd. on Friday, September 19, said its construction equipment and industrial products design and development vertical won 'significant' orders.

L&T classifies orders in the ₹1,000 crore to ₹2,500 crore range as 'significant'.

The company has won orders — two large and significant, each — worth up to ₹15,000 crore in four out of the last five trading sessions.

The engineering and infrastructure conglomerate's construction equipment business unit received long-term after-sales support orders from major coal and cement producers in India towards the supply of Komatsu mining equipment, L&T said.

Its rubber processing machinery business unit won multiple orders from leading tyre manufacturers in India. The scope of work includes design and manufacture of tyre curing presses and tyre building machines, catering to segments ranging from two-wheelers and passenger cars to trucks and buses, it said.

Apart from this, L&T Valves won multiple orders from polyvinyl chloride (PVC) and chlorinated polyvinyl chloride (CPVC) projects from major domestic companies, it said. The company has also won some contracts by leading engineering, procurement and construction (EPC) companies in Saudi Arabia.

L&T shares were down 0.2% at ₹3,679.1 apiece around 12.50 pm on Friday. The stock has gained 2.5% in the last five trade session and 10.8% in the last six months.

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