You are here: Home » Markets ยป News
;
Business Standard

Larsen & Toubro gains 5% on winning 'major' contracts, fund raising plan

In the past five trading days, L&T's stock has gained 10 per cent, as compared to 8.9 per cent rise in the S&P BSE Sensex

Topics
Bhopal | Driving license | Bhojpuri beats

Shares of Larsen & Toubro (L&T) rose 5 per cent to Rs 853 on the BSE on Monday after the company announced that it has won major contracts for its power transmission & distribution business. The stock was trading higher for the fifth straight day.

The board of the construction & engineering major also approved long-term borrowing of up to Rs 9,000 crore, either through external commercial borrowings, term loans, non-convertible debentures or any other instrument as may be appropriate. L&T announced major award wins in the power transmission and ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, April 14 2020. 13:54 IST