Business » Companies

Updated: January 1, 2010 00:06 IST

L&T bags Rs. 581 crore contracts in coal handling, water business

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Engineering and construction major Larsen and Toubro today said it has bagged orders worth Rs. 581 crores from Powergen Infrastructure and Bangalore Water and Sewerage Board during the third quarter of the current fiscal.

In a filing to the Bombay Stock Exchange, L&T said it received a Rs. 392 crore order for material handling business and another Rs. 189 crore order for water business during the third quarter of 2009—10.

The Rs 392 crore contract from Powergen Infrastructure, is for setting up a coal handling plant at Tiroda Thermal Power Plant of Adani Power in Maharashtra in 30 months.

Meanwhile, the Rs. 189 crore contract secured from Bangalore Water and Sewerage Board includes laying of steel pipeline, envisaging transmission of 500 million litres of water per day from the Kaveri river to Bengaluru.

The project is scheduled to be completed within 24 months.

Shares of the company were trading at Rs. 1,685.05, up by 1.21 per cent on the BSE in early morning trade.




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