Larsen & Toubro (L&T) share worth jumped over 4% on Tuesday after the corporate introduced receipt of a ‘main’ undertaking. L&T shares jumped as a lot as 4.19% to ₹3,425.00 apiece on the BSE.
The development and engineering main Larsen & Toubro mentioned that its Minerals & Metals (M&M) enterprise vertical will arrange a Pellet Plant and a Direct Discount of Iron (DRI) Plant for a shopper within the Center East & North Africa (MENA) area.
“These pertains to a serious order secured earlier from the shopper – a number one metal producer in MENA and are a part of the worldwide initiative in the direction of decarbonisation. The scope of labor consists of design-build Pellet and DRI vegetation encompassing engineering, provide, erection and building works based mostly on globally acclaimed applied sciences,” L&T mentioned in a regulatory submitting on January 4.
Based on the corporate’s undertaking classification, a ‘Main’ order values wherever ₹5,000 crore to ₹10,000 crore.
“This displays M&M’s management place in profitable execution of advanced iron & metal plant tasks within the MENA area. It additional demonstrates the unwavering dedication of M&M in delivering metal plant tasks conforming to worldwide requirements in high quality, security, and ontime completion,” mentioned D Ok Sen, Govt Committee Member and Advisor to the CMD, L&T.
L&T’s M&M vertical affords end-to-end options in EPC area throughout sectors reminiscent of mining, minerals processing, industrial merchandise and metallurgical vegetation.
As of December 31, 2024, L&T’s consolidated order ebook as of the group degree stood at ₹564,223 crore, reflecting a sturdy development of 19% in comparison with March 2024. Worldwide orders made up 42% of the overall, highlighting the group’s increasing presence in world markets.
L&T Inventory Value Pattern
L&T share worth has dropped 7% in a single month and has remained flat within the interval of final one yr. Nonetheless, L&T inventory worth has delivered 57% returns in two years.
At 12:20 PM, L&T shares had been buying and selling 4.11% larger at ₹3,422.40 apiece on the BSE, with a market capitalisation of over ₹4.70 lakh crore.
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