Larsen & Toubro Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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 more than Nifty 100 and 0.3 pts less 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 Buildings & Factories (B&F) business has won multiple orders from a private real-estate client for projects across three Indian states. The orders include a residential project in Hyderabad (10 high-rise towers up to 180 metres with 55 floors), a luxury high-rise residential tower in Mumbai's Worli (260 metres tall with 63 floors), and a mixed project in Karnataka comprising residential villas and a luxury hotel. These orders are classified as 'Large' (₹1,000 to ₹2,500 crore in value). All projects involve RCC shell and core construction work.
Positive development for L&T as these large domestic construction orders from a quality real-estate client should contribute to the B&F vertical's revenue visibility and order book growth.