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FINWIRES

Larsen & Toubro's Buildings and Factories Business Bags Orders Worth Up to INR25 Billion

-- Larsen & Toubro (NSE:LT, BOM:500510), through its buildings and factories business vertical, has secured "significant" orders, worth 10 billion Indian rupees to 25 billion rupees, in India, according to a Thursday filing to the Indian stock exchanges.

The company has bagged an order from Oberoi Realty (NSE:OBEROIRLTY, BOM:53327) to construct seven high-rise residential towers in Gurugram, India.

The business vertical received an order to build a proving ground from an international company in Haryana. The facility will be aimed at boosting testing infrastructure for vehicles embedded with the latest technology.

The company's shares were up nearly 1% in recent trade.

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