Larsen & Toubro rose 1.04% to Rs 1179.10 after the company said its power transmission & distribution business bagged 'significant' orders in India and overseas.
In Bangladesh, the business has won a turnkey order for design, supply, installation and commissioning of power transmission infrastructure for the 800 MW Rupsha power plant.
An order to build 220kV substations in Nepal has been received.
In the Kingdom of Saudi Arabia, an order to establish 380kV and 230kV transmission line corridors has been bagged.
On the domestic front, the business has won an order to design and construct a 50 MW Solar photovoltaic plant in Tamil Nadu.
Additional orders have been received for ongoing transmission line jobs in India.
As per the L&T's classification, the valuation of the 'significant' order stands between Rs 1000 and 2500 crore.
The scrip is also witnessed some amount of bargain hunting. The stock has fallen 9.27% in eight sessions to end at Rs 1167 on Monday (2 March) from a recent closing high of Rs 1286.25 on 18 February 2020.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
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