L&T
Larsen & Toubro drops 3% despite securing ₹2,500 crore orders
Mumbai/IBNS: Shares of Larsen & Toubro (L&T) fell 3% on Friday despite the company securing domestic orders worth nearly ₹2,500 crore, according to media reports.
The decline comes amid prevailing West Asia tensions triggered by the US-Israel joint attack on Iran, which has weighed on investor sentiment.
L&T said it has won multiple orders, including the construction of a float glass plant in Gujarat, a manufacturing unit for a leading two-wheeler company in Andhra Pradesh, and add-on orders for ongoing projects.
The company added that its Buildings & Factories business vertical secured “significant” orders in the range of ₹1,000–₹2,500 crore.
Earlier, L&T had also announced a major water management project in Assam. The order was awarded to its Water & Effluent Treatment (WET) business by the Guwahati Metropolitan Drinking Water & Sewerage Board.
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