Larsen & Toubro shares are spiking mid-session after the company announced its Power Transmission & Distribution (PT&D) business securing major orders in the middle-east and Andhra Pradesh.
L&T won an order to to build 765kV and 400kV transmission line jobs for a Renewable Energy Zone in Andhra Pradesh.
The Mumbai-based infrastructure company also announced it received orders to execute a set of 220kV and 132kV Gas Insulated Substations on turnkey basis in the middle-east region. L&T didn’t specify the country the order pertains to.
L&T shares traded 0.2% higher ₹3,687.20 at the time of writing on Tuesday. The shares have a 52-week high of ₹3,963.50 and 52-week low of ₹2,965.30, trading at a price-to-earnings ratio of 33.74.
Planning your financial journey can be daunting but it doesn't have to be. Fire Fast by Dzambhala helps you understand and plan effectively.
Join the vibrant privacy-ensured Dzambhala community on
Want to give feedback on this story? Write to us.