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Larsen & Toubro (L&T) Construction bags 'significant' orders for various businesses

Larsen & Toubro (L&T) on Tuesday has said that its construction arm has bagged 'significant' orders in the country for its various businesses. "L&T Construction, the construction arm of L&T, has secured various orders in India for its businesses," the company has said in a regulatory filing.

The company did not provide the value of the contracts, but added that the orders fall under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to the classification of contracts.

In the metallurgical and material handling (MMH) business, the company has secured an order to set up coke oven, by-product and coke dry quenching plants.

The spurt in the minerals and metals sector has accelerated much-needed private sector investment, the company said, adding that the MMH business has also secured new orders in the mining sector for its products business and add-on orders from its existing customers.

"These orders affirm MMH's leadership position and signify its continued efforts to build customer confidence in the metallurgical and materials space," the filing said.

The spurt in the minerals and metals sector has accelerated much-needed private sector investment, the company said, adding that the MMH business has also secured new orders in the mining sector for its products business and add-on orders from its existing customers.

"These orders affirm MMH's leadership position and signify its continued efforts to build customer confidence in the metallurgical and materials space," the filing said.

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