L&T wins multiple Minerals and Metals orders in India
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 in line with Nifty 100 and 0.1 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's Minerals and Metals business won several Indian orders: an aluminium smelter with 180,000 tonnes of annual capacity and a gas treatment centre for Hindalco in Odisha, a coke oven battery with 1 million tonnes of annual capacity for Tata Steel, and multiple mining equipment orders. Values were not disclosed.
Positive for L&T's order book and future revenue visibility, but the financial impact cannot be assessed because order values and timelines were not disclosed.