India's multinational conglomerate Larsen & Toubro (L&T) on Monday announced its construction division had won a contract worth Rs. 2,161 crore across various business verticals. Following the news, the Larsen & Toubro Ltd. stock closed at Rs. 1,470 on Monday, up 0.62 percent from its previous close.
In a regulatory filing to the Bombay Stock Exchange, L&T said "the construction arm of L&T has won orders worth Rs. 2,161 crore across various business segments."
Its transportation infrastructure business won a design and build order worth Rs. 847 crore from Dedicated Freight Corridor Corporation of India. In addition, its power transmission and distribution business bagged EPC order of Rs. 403 crore from Power Grid Corporation and Karnataka Solar Power Development Corporation.
The order of Rs. 709 crore was received from Gujarat Water Infrastructure and Rajasthan Urban Drinking Water Sewerage and Infrastructure Corporation.
L&T's metallurgical and material handling business also won an order worth Rs. 202 crore, the company said in its regulatory filing.
The company's net profit increased 18.6 percent to Rs. 2,453 crore in the March quarter of financial year 2015-16, Business Standard reported.
[1 lakh = 100,000 | 1 crore = 10 million | 100 crore = 1 billion]