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L&T secures project at Rs7,000-cr, Stock Up

Larsen&Tourbo Ltd (L&T) has said its power biz has bagged a mega order from SJVN Thermal Pvt Ltd to set up 2 x 660 MegaWatt ultra-supercritical power plants in Bihar. Though the company did not reveal the precise value of the contract, but as per reports, it value assumes over Rs7000crore.

The stock reacted to the news and touched its intraday high of Rs1563.45 per share after opening lower from 1545.50 in the morning trade.

At 12.25pm. L&T shares were trading at Rs1544.15-per share, up 0.29%per cent from their previous close of Rs1539.75. In comparison, the Nifty traded at 11731.70 up 7 points and the Sensex up by 21 points at 39215.96.