L&T bags orders worth Rs. 1,504cr in various segments - Angel Broking

Larsen & Toubro (L&T) has bagged orders worth over Rs. 413cr from Kiran Energy for construction of PV solar plants in Tamil Nadu in the solar segment. In the water segment, the company has bagged various orders worth over Rs. 621cr. Also, it has bagged an order worth Rs. 265cr from Tamil Nadu Generation and Distribution Corporation for power distribution work across various districts in Tamil Nadu. From ongoing projects, various orders worth Rs. 205cr have been secured in the heavy civil business segment. We continue to maintain our Buy rating on the stock with a target price of Rs. 1,788.

Source : Equity Bulls

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