L&T; bags orders worth Rs.1,076 crore in Q1 of 2012-13

June 15th, 2012 - 6:51 pm ICT by IANS  

Mumbai, June 15 (IANS) Engineering and construction major Larsen and Toubro (L&T;) Friday said it has bagged new orders worth Rs.1,076 crore across various businesses during the first quarter of the current financial year.

The metallurgical and material handling segment has bagged an order worth Rs.407 crore while the power transmission and distribution segment has got orders worth Rs.669 crore, the company said in a regulatory filing.

The order for metallurgical and material handling segment has come from Bajaj Infrastructure Development Corporation to set up a coal handling system on turnkey basis for their greenfield super thermal power project in Lalitpur, Uttar Pradesh.

This coal handling plant package will be completed on a fast track schedule of 22 months.

The power transmission and distribution segment has secured orders in domestic as well as international markets.

A major order has been bagged for the construction of sub-stations and other modification works in the Middle East.

On the domestic front, a new order has been secured for executing electrical works under Restructured Accelerated Power Development Reforms Programme for the Hubli Electricity Supply Company and a few additional orders from various ongoing projects.

At the Bombay Stock Exchange, shares of the company closed 2.27 percent higher at Rs.1,326.30.

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