Although the company did not mention the exact value of the contract, according to its project classification, the value of a significant order ranges between Rs 1,000 crore and Rs 2,500 crore.
On Monday, L&T had announced major award wins in the power transmission and distribution business, while its water & effluent treatment business had also secured three engineering procurement construction (EPC) water management orders from the Karnataka Urban Infrastructure Development and Finance Corporation.
At 10:25 AM, the stock was up 4.75 per cent as compared to 2.54 per cent gain in the S&P BSE Sensex. Around 24.3 lakh shares have changed hands on the NSE and BSE combined so far.
In the past six trading days, L&T's stock has gained 17 per cent, thus outperforming the Sensex which has risen 11.2 per cent in the same duration.