• Tamil Nadu CM J Jayalalithaa suffers cardiac arrest; being treated, monitored by experts at Apollo hospital
  >>    >>    >>   Shares of Larsen and Toubro rises by 2.5 per cent after winning Rs 3,799 crores railway contract

Shares of Larsen and Toubro rises by 2.5 per cent after winning Rs 3,799 crores railway contract

Shares of Larsen and Toubro on Friday rose by 2.5 per cent after the company said its consortium with Japan's Sojitz Corp has won a Rs 3,799-crore railway contract.


By   |  Updated On : October 14, 2016 11:11 PM
Larsen and Toubro logo

Larsen and Toubro logo

New Delhi :  

Shares of Larsen and Toubro on Friday rose by 2.5 per cent after the company said its consortium with Japan's Sojitz Corp has won a Rs 3,799-crore railway contract.

The scrip gained 2.51 per cent to settle at Rs 1,472.50 on BSE. During the day, it rose 2.68 per cent to Rs 1,475. At NSE, shares of the company went up 2.53 per cent toclose at Rs 1,474.85.

In terms of volume, 1.42 lakh shares of the company were traded on BSE and over 17 lakh changed hands on NSE during the day.
The transportation infrastructure business of L&T Construction has "won a major order worth Rs 3,799 crore fromthe Dedicated Freight Corridor Corporation of India Ltd(DFCCIL)", the company said in a statement.

The order has been secured by a consortium of L&T and Sojitz Corp, Japan, it said, adding that this integrated package involves construction of track works, overhead electrification, traction sub-stations and signaling and telecom works.

First Published: Friday, October 14, 2016 11:02 PM

POPULAR TAGS: L And T, Sojitz Corp,


For latest india news on mobile, download News Nation Android app, Windows app and Iphone app. Also like News Nation's official Facebook page and follow us on Twitter and Google Plus to stay tuned to latest news.


MORE FROM NEWS NATION