Shares of Larsen & Toubro Ltd (L&T) are trading flat after hitting a day’s high of Rs 3,493.40 on 24th July, despite the company announcing that its Buildings & Factories business has secured ‘large’ orders in India and overseas.

L&T classifies projects worth Rs 2,500 crore to Rs 5,000 crore as “large.” The company secured major orders from the Andhra Pradesh Capital Region Development Authority for work in Amaravati. These orders include building the Andhra Pradesh State Secretariat and HOD offices with two towers and an amenities block. Additionally, they will build 21 residential towers. The scope covers full civil work, interiors, electrical, plumbing, firefighting systems, lifts, DG sets, HVAC, security systems, internal roads, and landscaping.

They also won an order in Mumbai to build RCC shell and core structures for two luxury residential towers. Each tower rises to 200 metres.

In Muscat, L&T Oman’s Buildings & Factories unit received a repeat order to construct premium office space. This space comprises three towers above a shared basement with a central landscaped plaza. The scope encompasses civil work, MEP systems, finishes for common areas, and landscaping.

Separately, the company announced it will set up India’s largest green hydrogen plant at Indian Oil’s Panipat refinery. Built on a build-own-operate model, the plant will supply 10,000 tonnes of green hydrogen annually to IOCL. This will be for a period of 25 years.

At 12:42 PM, the shares of L&T were trading 0.38% lower at Rs 3,471.80 on NSE.

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