L&T Construction wins order for Buildings & Factories Business

The Buildings & Factories (B&F) vertical of Larsen & Toubro (L&T) has recently secured an order from a reputed real-estate developer to construct Multi storeyed residential towers at Thane in the Mumbai, metropolitan Region.

The scope of the order includes construction of the core and shell works for five towers having 62 floors and allied parking area comprising basements+ground+5 podiums.

"With the economy showing encouraging positive movement, we see good opportunities in the residential buildings sector," said Mr M V Satish, Whole-time Director & Senior Executive Vice President (Buildings), L&T. "We have executed some unique and prestigious structures over the past few years and recently have been introducing new technologies and advanced methods to fast-track construction that is becoming increasingly green and sustainable and, at the same time, reflecting the spirit of Atmanirbhar Bharat. We see this order as another opportunity for us to delight our customers." he added.

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 3296.35 as compared to the previous close of Rs. 3353.50. The total number of shares traded during the day was 36307 in over 4946 trades.

The stock hit an intraday high of Rs. 3361.95 and intraday low of 3290.00. The net turnover during the day was Rs. 120510973.00.

Source : Equity Bulls

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