L&T jumps over 2% on Rs 8,650-cr MMRDA order

BL Internet Desk Chennai | Updated on January 09, 2018

Shares of Larsen & Toubro gained as much as 2.2 per cent in Monday's trade as the company's construction arm has bagged a Rs. 8,650-crore order from the Mumbai Metropolitan Region Development Authority (MMRDA).

The heavy civil infrastructure business vertical of L&T Construction bagged an order worth Rs. 8,650 crore from the MMRDA for construction of the Mumbai Trans Harbour Link, the engineering and construction major said in a BSE filing.

Following a positive open at Rs 1,240 against the previous close of Rs 1,221.25, L&T scrip touched intraday high of Rs 1,248.45 and a low of 1,225 on the BSE. In terms of equity volume, 1.69 lakh shares were traded on the BSE.

L&T shares ended higher by 0.53 per cent at Rs 1,227.75.

The scrip touched its fresh 52-week high of Rs 1,274 on November 10, 2017 and a 52-week low of Rs 868.43 on December 23, 2016.

(With inputs from PTI)

Published on November 20, 2017

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor