L&T wins orders worth Rs1,585 crore
Moneylife Digital Team 08 October 2010

Construction and engineering company Larsen & Toubro Ltd (L&T) said its buildings and factories division won orders worth Rs1,585 crore in the second quarter for construction of residential projects, factories, office space and hotel.

L&T received new orders aggregating Rs435crore for the construction of residential building projects from leading developers. It has further won orders worth Rs781 crore from clients for construction of hotel, office building and add on orders from its ongoing airport and commercial building projects, the company said in a release.

In yet another development, it has won Rs369 crore orders from customers for the construction of factory building projects including add on orders.

On Friday, L&T shares gained 0.2% to Rs2,041 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.3% to 20,250 points.

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