L&T Bags Orders worth over 2,000 crores

L&T Bags Orders worth over 2,000 crores

In a recent report, it has been revealed that engineering and construction company Larsen and Toubro Ltd (L&T) has successfully secured orders of a great value.

The company announced on Thursday that new orders worth Rs. 2,080 crore had been secured by it across different business segments in the months of February and March.

Orders valued at some Rs. 1,504 crore were secured in February only. It is being said that the same was a hint that the organization easily managed to secure more orders of Rs. 576 crore in the following month. The rate of secured orders was almost 61.7% less as compared to the orders in Februray, said the report.

New orders of Rs. 1,385 crore were bagged by the building and factories division. The same was meant for construction of residential towers in North Indian cities.

Besides, the power transmission and distribution business division grabbed orders worth Rs. 585 crore from different customers. A new order from Transmission Corp. of Andhra Pradesh Ltd. was also received for 220 KV underground cables that lay between Malkaram and Ghanapur sub-staion to Andhra Pradesh's Moulali substation.

"Additional orders worth Rs. 110 crore have been bagged from various ongoing jobs in the water and solar and infrastructure business", said the firm in a statement.

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