Shares of Larsen & Toubro Ltd (L&T) are trading flat after hitting a day’s high of Rs 3,285.45 on 20th February, after the company announced that its Minerals & Metals business vertical has secured ‘large’ orders in the steel and alumina sectors.
L&T classifies orders between Rs 2,500 crore and Rs 5,000 crore as ‘large.’
Its Minerals & Metals vertical secured an order from Hindalco to build an 850 KTPA greenfield alumina refinery in Odisha, covering engineering, procurement, construction, and installation.
L&T has worked with Hindalco for over three decades as an EPC contractor across alumina, aluminium, and copper plant expansions.
The company also secured an 8 MTPA pellet plant order from a major Indian steel producer involving engineering, manufacturing, supply, construction, and installation.
DK Sen, an executive committee member, highlighted L&T’s successful completion of steel plants and alumina refinery projects in India and the Middle East.
He said these new orders reinforce L&T’s leadership in EPC steel plants and alumina refinery projects, showcasing its commitment to excellence and customer satisfaction.
At 2:56 PM, the shares of L&T were trading 0.058% lower at Rs 3,274 on NSE.
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