Shares of Larsen & Toubro Ltd (L&T) were trading in the green and 0.5% higher on 19 September after the company announced that its construction equipment and industrial goods design and development vertical received ‘significant’ orders. L&T considers orders from Rs 1,000 crore to Rs 2,500 crore as ‘significant’.

The company has received orders totaling up to Rs 15,000 crore in four of the last five trading days.

L&T Valves also received many orders from large domestic enterprises for polyvinyl chloride (PVC) and chlorinated polyvinyl chloride (CPVC) projects, according to the statement. The company has also earned contracts from Saudi Arabia’s premier engineering, procurement, and construction (EPC) organizations.

L&T’s construction equipment business unit has obtained long-term after-sales support orders from major coal and cement companies in India for the delivery of Komatsu mining equipment.

Its rubber processing machinery business unit received many orders from India’s biggest tyre producers. The scope of work includes designing and manufacturing tyre curing presses and tyre production machines for segments ranging from two-wheelers and passenger automobiles to trucks and buses, according to the statement.

However, at 3:30 pm, the shares of Larsen and Toubro closed 0.05% lower at Rs 3,684 on NSE.

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