Larsen -; Toubro construction bags prestigious contracts for its water -; effluent treatment business; stock zooms ~1%

14 Mar 2022 , 11:29 AM

Larsen & Toubro Construction’s Water & Effluent Treatment Business has secured various prestigious contracts.

It has received orders from the Gujarat Water Infrastructure Limited (GWIL) for engineering, construction, and procurement for the design and construction of the Dhanki – Navda Bulk Pipeline project that aims to enhance water supply capacity to cater to the future demands of Amreli, Botad, Junagadh, and Rajkot districts of Gujarat. The company will design & construct 99 km of bulk transmission MS Pipeline, 10.5 ML RCC raw water sump and pumphouse, and associated electro· mechanical Et instrumentation work.

The company has also procured another bulk pipeline project at the same location at GWIL.

Also, L&T’s international arm has been awarded a contract for Supply, Testing, Installation, and Commissioning of water distribution network and large meter connections in Dubai. The company will develop water distribution networks of 137 Km GRE Pipelines, micro tunneling works, SCADA, and associated Civil, Mechanical, and Electrical Works.

This project is a new addendum to the company’s prestigious clientele hinting at the expansion of WET business in the Middle East region.

Larsen & Toubro is currently trading at Rs1,735.70 up by Rs7.9 or 0.46% from its previous closing of Rs1,727.80 on the BSE. The scrip opened at Rs1,739.85 and has touched an intraday high and low of Rs1,744 and Rs1,715.70 respectively.