Larsen & Toubro bags order worth Rs 1103 crores

by khalid on 05/01/2011 · 0 comments

Larsen & Toubro (L&T) is an Engineering and infrastructure major company. The company informed the share market (BSE/NSE) that its subsidiaries Railway Business Unit have bagged orders from various power plant developers for the construction of Merry-Go-Round Systems and construction of dedicated railway lines to link power plant sites to the main line rail network. The value of these orders are Rs 1103 crores.

Share’s Data :-
BSE Code : 500510
Mkt. Cap: Rs 117,332.75 Crores
CMP is Rs 1,930.45 on 5th Jan 2010

Details of these orders are as follows :-

1. Rs. 365 crore order from Maithon Power Ltd, a JV of Tata Power and Damodar Valley Corporation, for construction of a 21 km dedicated rail link to their power plant at Maithon in Tharkhand.
2. Nabba Power Ltd, a wholly owned subsidiary of L&T Power Development Ltd., has placed an order valued at Rs. 270 crore for construction of a 13 kin dedicated, double-track electrified rail link to its power plant at Rajpura in Punjab.
3. EALCO has awarded L&T a Rs. 151 crore order for augmenting and strengthening its existing railway facilities at Korba in Chhattisgarh.
4. L&T’s Railway Business Unit has also secured orders worth Rs. 317 crore from Sterlite Energy Ltd for further enhancement of its dedicated railway facilities that are already under implementation at Jharsuguda in Orissa.

Stay tuned to BelltheBull Blog for more news on Larsen & Toubro Limited !

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