Business

Larsen and Toubro shares close nearly 2 pc higher on new orders

Shares of Larsen & Toubro (L&T) on Wednesday closed nearly 2 per cent higher after the company said it has bagged significant orders for its heavy civil infrastructure business in Uttar Pradesh.

migrator

Updated:15th Apr, 2020 at 6:06 PM

New Delhi

The scrip closed 1.64 per cent higher at Rs 879.90 after gaining 7 per cent to Rs 926.70 during the day on the BSE.

On the NSE, shares of the company rose 1.32 per cent to close at Rs 876.90.

In a regulatory filing, L&T said, "The heavy civil infrastructure business of L&T Construction has secured two contracts to build regional rapid transit system (RRTS) infrastructure from National Capital Region Transport Corporation in Uttar Pradesh."

The scope of the project is to execute a new, dedicated, high speed, high capacity rail system in the Delhi-Ghaziabad-Meerut Corridor.

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Larsen and Toubro shares close nearly 2 pc higher on new orders

Shares of Larsen &amp; Toubro (L&amp;T) on Wednesday closed nearly 2 per cent higher after the company said it has bagged significant orders for its heavy civil infrastructure business in Uttar Pradesh.

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Shares of Larsen & Toubro (L&T) on Wednesday closed nearly 2 per cent higher after the company said it has bagged significant orders for its heavy civil infrastructure business in Uttar Pradesh.