L&T Construction secures more than one huge orders, IRB Infra shares tank to 5-12 months low

L&T Construction secures more than one huge orders, IRB Infra shares tank to 5-12 months low

by admin- Wednesday, June 19th, 2019 03:42:25 PM

The L&T arm has won an EPC order from the National Water Supply & Drainage Board for executing the Kundasale Haragama water supply venture in Sri Lanka’s Kandy district.

L&T’s Geo Structure business has bagged an order from BPCL for ground development of tank basis location, the use of stone columns of 800mm dia and around 1.6 lakh RM, at Krishnapatnam, Andhra Pradesh.

The enterprise has secured every other order from Chennai Metro Rail for production of balance works of cut and cowl section in the Phase 1 extension works.

Various upload-on orders have been secured across specific businesses for some of their current projects.
Water and Effluent Treatment:

An EPC order has been bagged from the National Water Supply Et Drainage Board for the execution of the Kundasale Haragama water supply undertaking in Sri Lanka’s Kandy district.

The business has secured an order from BPCL for floor improvement of tank foundation location, the use of stone columns of 800mm dia and round 1.6 lakh RM, at Krishnapatnam, Andhra Pradesh.

The enterprise has secured another order from CMRL for creation of stability works of cut and cowl phase in the Phase 1 extension works.

Various add-on orders had been secured across distinct corporations for a number of their existing tasks.
Shares of IRB Infra declined for the 1/3 day immediately, falling by using 14.2% intraday to Rs 89.Fifty five. With this, the National Highway Authority of India is seeking a brand new investor for the Mumbai-Pune freeway as its cutting-edge agreement with IRB Infra ends in August, reports said. The stock has slumped by over 20% within the beyond five days.

As of 12:58 pm, the inventory had recovered a bit, trading 9% down at Rs. Ninety five.

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