Larsen & Toubro gets three new orders worth Rs 1,438 crore

MUMBAI: Larsen & Toubro, India’s largest engineering company, on Tuesday said it has got three new orders worth Rs 1,438 crore. Two orders worth Rs 1,130 crore were booked in the Gulf region and a third, worth Rs 308 crore, was from the West Bengal State Electricity Distribution Company, L&T said in a statement. Shares of L&T were up 0.7% at Rs 627 in intra day trading on the BSE. Giving details about one order, the Mumbai-based L&T said an EPC contract (engineering, procurement & construction) worth Rs 800 crore was from the Al Ain Distribution Company for constructing seven electrical substations, cabling and building overhead transmission lines in the Al Ain city of Abu Dhabi. This is one of the single largest value orders received by L&T in the UAE, for the power transmission and distribution sector, the L&T statement added.