Larsen and Toubro shares hit a 52-week high of Rs 3,058.35 on 29 September after the company announced a “mega order” secured by its heavy civil business.

The order is for designing and constructing the underground Road tunnel Project between Orange Gate Easter Free Way to Marine Drive Costal in Mumbai.

The total order value of the substantial order amounts to more than Rs 7,000 crore.

The project alignment will run under the Sardar Vallabhbhai Patel Road and has to be completed within 54 months.

The major scope of the work for the project comprises the design and construction of twin tunnels, using tunnel boring machines that will connect these tunnels to the existing elevated Eastern Freeway at Orange Gate near its southern terminal through transition ramps and to the Marine Drive at Mumbai.

The shares of the company have gained around 12% in the last month and more than 40% in the past 6 months.

At 3:30 pm, the shares of Larsen and Toubro closed at Rs 3,026 or 0.53% above its previous close on NSE.