Shares of Larsen and Toubro hit a 52-week high of Rs 3,593.75 on 9 January after the company announced securing an order to construct an AIIMS in Haryana.

In its regulatory filing, the company said that the construction buildings and factories business had secured a “significant” order from HITES, which is a mini Ratna PSU under the Ministry of Health and Family Welfare.

The company has not disclosed the exact amount of the order but has classified it as a “significant” order, which means the order value ranges in the Rs 1,000 crore-Rs 2,500 crore bracket.

As a part of this order, the company will construct a new AIIMS at Rewari, Haryana, on a design, engineering, procurement, and construction basis. The new AIIMS will include a 720-bed teaching hospital, a 30-bed AYUSH hospital, a nursing college, a 100-student annual intake college, hostel facilities, and a 500-seat auditorium. The total build-up area of the new facility will be 1.5 million square feet.

The order also includes civil structure, finishes and allied services, including built-in furniture and installation, commissioning, and testing of various systems.

In six months, the shares of the company have given a return of over 46% against the benchmark Nifty50 index, which has given a return of around 11%.

At 3:30 pm, the shares of Larsen and Toubro closed 1.68% higher at Rs 3,560 on NSE.