January 3, 2011

Larsen and Toubro secures Rs.1103 crore orders

The Railway business division of L&T has secured orders worth Rs.1103 crore from four power plant development firms in India for laying or augmenting dedicated railway lines and constructing 'merry go-round systems'.

The orders have been placed by power plant developers Maithon Power Limited, Nabha Power Limited (which is a wholly owned subsidiary of L&T), BALCO and Sterlite Energy Limited.

L&T's closing price on NSE was 1980.50 on 03-Jan-2011.