Larsen & Toubro gains 2% on winning 'major' order from Middle East client

Shares of Larsen & Toubro (L&T) gained 2 per cent to Rs 3,611 on the BSE in Thursday's intraday trade after the civil construction company said it has secured a 'major' onshore gas pipeline project from a prestigious client in the Middle East.

L&T classifies orders ranging between Rs 5,000 crore and Rs 10,000 crore as 'major' orders.

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The scope of work comprises engineering, procurement, and construction of two new 56" Pipelines along with associated scraper receivers and launchers, and main line isolation valve (MLIV) stations running parallel to the existing pipeline corridor, L&T said in an exchange filing. 

 

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