After the EPC major announced that its construction arm had secured a ‘meg’ order for its minerals and metals (M&M) business, Larsen & Toubro (L&T) advanced 2.13% to Rs 2,138.35.

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Mega scale projects worth over Rs 7,000 crore. L&T construction’s M&M business has secured several orders in the steel and beneficiation industry from ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between two global steel majors, for the implementation of its expansion plans in Gujarat and Odisha.

Globally, the Mining and Metals business provides complete EPC solutions to the mining, minerals and metals industries. The company undertakes end-to-end engineering, fabrication, procurement, construction, supply, installation and commissioning projects covering the entire spectrum from mineral processing to finished metal.

The company owns multinational companies engaged in EPC engineering, high-tech manufacturing and service, and its business covers more than 50 countries worldwide.

On a consolidated basis, Q2FY23 net sales rose 23% from Q2FY22 to Rs 42,762.61 crore, while net profit hit a high of 22.5% at Rs 2,228.97 crore.