Shares of Larsen and Toubro Ltd (L&T) were trading with marginal gains and 0.3% higher on 29 December after the company’s transportation infrastructure business announced securing an order for the Hyderabad Greenfield Radial Road. 

L&T treats orders worth between ₹1,000 crore and ₹2,500 crore as “significant.” This marks the company’s third order win in just four trading sessions, following a “major” order on 23 December and another “significant” order on 26 December.

The latest contract covers Phase 2 of the project, which involves building a 22.3-km, six-lane (3+3) access-controlled radial road in Telangana’s Ranga Reddy district. As part of the work, L&T will construct a 3.6-km viaduct, along with minor bridges, underpasses, and culverts. The project also includes service roads on both sides, large retaining structures, a stormwater drainage network, footpaths, cycle tracks, and landscaping.

L&T said this road will be the first of several planned radial corridors connecting Hyderabad’s Outer Ring Road with the upcoming Regional Ring Road. The project aims to improve regional connectivity and support urban growth by providing smoother access to IT hubs, Electronic City, Young India Skills University, and the proposed Bharat Future City.

At 12:35 pm, the shares of Larsen and Toubro were trading 0.037% lower at Rs 4,045.80 on NSE.

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