L&T wins two large government construction 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 0.2 pts less than Nifty 100 and 2.1 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 has secured two government construction orders. The Central Public Works Department awarded work on Secretariat buildings 4 and 5 in New Delhi: 32.8 lakh sq ft, due in 24 months, followed by five years of maintenance. Andhra Pradesh awarded two office towers at the Amaravati Quantum Computing Centre: 37.5 lakh sq ft, due in 30 months. L&T classified the orders as Large, worth ₹2,500 crore to ₹5,000 crore; exact value was not disclosed.
Positive for order visibility and future revenue, but exact value, profits and execution risks are not given; stock impact is uncertain.