L&T bags Rs 1,438cr power projects; two in gulf
Engineering major Larsen & Toubro today said it has bagged three orders worth Rs 1,438 crore from different agencies for power infrastructure-related works.In a filing to the Bombay Stock Exchange, L&T said it has secured a Rs 800-crore order from Al Ain Distribution Co for the construction of seven electrical substations and overhead transmission line in Abu Dhabi, the capital city of UAE.
Under the contract terms, L&T will design and build electrical substations under the specifications of the international consultant PB Power, in two years.
Further, the engineering firm has also bagged a Rs 330- crore order from Abu Dhabi Distribution Company for augmentation and expansion of a 33-kV power transmission network in the gulf country.
Back home, L&T secured another power project worth Rs 308-crore from West Bengal State Electricity Distribution Company for a rural electrification project in the state.
The company would develop the rural electrification works in Jalpaiguri and North 24 Parganas districts of West Bengal, it said.
Shares of L&T were trading at Rs 626.95, up 0.71 per cent in the late afternoon trade on the BSE.
Tags: calls, daytrading, free calls, intraday, tips
Similar Posts:
Latest Query
- by Sam
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis