L&T Heavy Engineering wins multiple domestic and overseas orders
LT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts more than Nifty 100 and 2.0 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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L&T Heavy Engineering secured multiple orders in the US, Mexico, Brazil and Saudi Arabia for process vessels, blue ammonia equipment, fertiliser plant equipment, heat exchangers and a refinery and petrochemical upgrade. It also won nuclear equipment orders for overseas and Indian projects, plus four heat exchanger packages for a major project at Dahej, Gujarat. Order values were not disclosed.
The wins add to order backlog and support growth in L&T's heavy engineering business. However, undisclosed values limit assessment of the likely earnings contribution.