Stocks

L&T shares climb over 1% on GMR contract

BL Internet Desk Aug 13 | Updated on August 13, 2018 Published on August 13, 2018

Shares of Larsen & Toubro jumped as much as 1.1 per cent to Rs 1,278.45 as L&T Construction has won orders worth Rs 3,028 crore in the domestic market.

Shares of Larsen & Toubro jumped as much as 1.1 per cent to Rs 1,278.45 as the company's unit, L&T Construction, has won orders worth Rs 3,028 crore in the domestic market.

GMR Hyderabad International Airport Ltd, a subsidiary of GMR Infra, has awarded the airport expansion contract to construction major L&T and Megawide Corporation.

GMR Hyderabad International Airport, which operates the Rajiv Gandhi International Airport, is expanding the terminal building, airside infrastructure and allied infrastructure to achieve 34 million annual passenger throughput from the existing design capacity of 12 MAP.

It has issued a letter of award for the construction of terminal building and airside infrastructure through international competitive bidding on L1 basis to Larsen & Toubro for Rs 3,028 crore and Megawide Construction Corporation for Rs 980 crore.

Published on August 13, 2018
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