Order News: This company received orders worth up to ₹10,000 crore, stock reached 52-week high

News Topical, Digital Desk : Order News: Larsen and Toubro (L&T) made a significant announcement on the exchange on Friday, January 2nd. The company stated that its Minerals and Metals business has secured "Major" orders from customers including the Steel Authority of India Ltd. (SAIL). According to L&T, orders in the range of ₹5,000 crore to ₹10,000 crore are considered "Major" orders.

These contracts relate to engineering, procurement, and construction (EPC) projects and products in the domestic metals sector. L&T and SAIL have partnered on various projects across the country for several decades.

Major Expansion of IISCO Steel Plant SAIL is implementing a plan to expand the crude steel capacity of the IISCO Steel Plant in Burnpur, West Bengal, from 2.5 MTPA to 6.5 MTPA. As part of this expansion, L&T's Minerals & Metals business has received a complete engineering, procurement, and installation package for critical process plants. This includes a coke oven battery, a by-product plant, a basic oxygen furnace, and a specialized tool package for material handling. Together, these form the core of the new steel complex. Updates on Bokaro Steel Plant Additionally, L&T has also received a package to set up Sinter Plant-2 as part of a major upstream expansion at the Bokaro Steel Plant in Jharkhand. Multiple orders in material handling The company said it has also received multiple orders for specialized material handling tools like stacker-reclaimer and wagon tippler from various customers across the country. Recent order flow and stock performance Recently, L&T secured three orders worth a total of ₹15,000 crore in four days. Around 11:09 am on Friday, L&T shares were trading 0.2% higher at ₹4,152.1 and touched a 52-week high intraday. The stock has gained 11.8% so far in 2025.

Read More: Nifty touched an all-time high, Sensex closed at 573, these were the main reasons behind the market boom.