Larsen & Toubro's share price surged over 5 percent on Wednesday after the company's construction and mining business won biggest-ever order. The stock jumped to its eight-month high level of Rs 1,139 per share on the NSE. At 12:15 pm, the shares traded 5.12 percent higher to Rs 1,136.20 apiece.
The company has received orders to supply 46 units of Komatsu Mining Equipment from Tata Steel.
The order comprises 41 units of Komatsu HD785-7, which is a 100-tonne dump truck; three units of Komatsu WA900-3E0, a 9-cum wheel loader; and two units of Komatsu D275A-5R, a 410HP crawler dozer, said the company's exchange filing.
The scope includes supply of the equipment and full maintenance contract for 60,000 hours of equipment operations.
However, the order amount remained disclosed.
The filing further added, "Of these 46 units, 26 will be deployed at Tata Steel’s iron ore mines at Joda, Noamundi and Khondbond in Odisha. Another 20 units of the 100-tonne dump trucks will be deployed at Tata Steel’s West Bokaro coal mines in Jharkhand."
(Edited by : Ajay Vaishnav)
First Published: IST