L&T secures ₹10,000 crore order for housing project
after close1 source ↓written by the desknot a recommendation
- to an intraday
- 1.3%
- after winning
- ₹3,837.30
- valued between
- ₹5,000 crore and ₹10,000 crore
- of 120 metres
- 26 high-rise towers
Larsen & Toubro (L&T) shares rose 1.3% to an intraday high of ₹3,837.30 after winning a major order for a housing redevelopment project in Mumbai, valued between ₹5,000 crore and ₹10,000 crore. The project entails designing and constructing 26 high-rise towers of 120 metres each on a turnkey basis, utilizing advanced precast construction technology.
This significant order enhances L&T's position in the infrastructure sector, potentially boosting investor sentiment and market confidence in its capabilities.
Not investment advice. For informational purposes only.