L-;T Construction's water -; effluent treatment business bags significant orders; stock surges ~3%

14 Oct 2022 , 01:20 PM

Larsen & Toubro Limited informed that L&T Construction’s water & effluent treatment business has received repeat contracts from the Narmada Water Resources, Water Supply & Kalpsar Department, Government of Gujarat, to complete the pumping system and pipeline works from Tappar Dam to Nirona Dam (Northern Link). This is the single largest order obtained by the company in Gujarat.

The scope of work includes pump house and pipeline design, supply, construction, and commissioning, as well as accompanying electrical and automation work.

The turnkey project intends to improve water supplies in Gujarat’s Kachchh district by filling existing reservoirs, which would irrigate 36,392 acres of land, stated the company in its press release.

The order demonstrates the customer’s confidence in L&T’s capacity to execute socially significant projects in seismically vulnerable locations, with the greater objective of agricultural expansion and water conservation.

At around 1.22 PM, Larsen & Toubro was trading at Rs1,927.10 per piece, up by 2.72% from its previous closing of Rs1,876 on the BSE. The scrip touched intraday high and low of Rs1,936.55 and Rs1,890.05 respectively.

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