L&T share price rises 4% on bagging biggest order from Tata Steel
Larsen & Toubro's (L&T) share price rose more than 4 percent intraday on November 18 after the company bagged the biggest orders ever from Tata Steel.
The Construction and Mining Equipment business of Larsen a Toubro has secured one of its biggest orders ever to supply 46 units of Komatsu Mining Equipment from Tata Steel.
The order comprises 41 units of Komatsu HD785-7 (100 Ton Dump Truck), three units of Komatsu WA900-3E0 (9 Cum Wheel Loader), and two units of Komatsu D275A-5R (410HP Crawler Dozer). The scope includes the supply of equipment and a full maintenance contract for 60,000 hours of equipment operation.
26 of these 46 units will be deployed at Tata Steel's Iron Ore Mines at Joda, Noamundi, and Khondbond in Odisha, while 20 units of Komatsu 100 Ton Dump Trucks will be deployed at Tata Steel's West Bokaro Coal Mines in Jharkhand.