Shares of Larsen & Toubro Ltd (L&T) ended 1.5% higher on 28th October after the company announced that its heavy engineering division has recently secured ‘significant’ orders in both international and domestic markets.

L&T has classified the latest deals as ‘significant’, meaning they fall within the Rs 1,000 crore to Rs 2,500 crore range.

The company’s heavy engineering division secured multiple international orders. These include one from the US to manufacture vessels for an NGL fractionator project and a cartridge for a blue ammonia project in Louisiana. It also won contracts in Mexico for ammonia and urea processing equipment. Furthermore, it secured an order in Brazil for critical heat exchangers.

In Saudi Arabia, L&T received an order for a refinery and petrochemical complex. This involved amending a key contract for the HOFCC reactor and regenerator revamp.

The company also won nuclear sector orders for critical equipment to be supplied to both domestic and international projects.

In India, it bagged an order for 2RK65 heat exchanger equipment. This is for a major 3 MMTPA PTA7 project at Dahej, Gujarat.

L&T said it continues to maintain its full-year guidance for revenue growth, margins, and order inflow. It is set to announce its Q2 results on Wednesday, 29th October.

At 3:30 PM, shares of L&T ended 1.47% higher at Rs 3,981.60 on NSE.

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