L&T’s subsidiary bags Rs.2,503 crore-worth orders

New Delhi, Dec 31 (IANS) Construction and engineering major Larsen & Toubro’s (L&T) subsidiary Electrical and Gulf Projects Operating Company has bagged orders worth Rs.2,503 crore for transmission, substation and railway construction projects during the third quarter of 2010-11.

‘Electrical & Gulf Projects Operating Company (E&GP OC) has secured orders aggregating to Rs.2,503 crore from transmission, substation and railway construction projects in the domestic and international markets during the third quarter of 2010-11,’ the company said in a regulatory filling.

According to the filling, the company secured orders worth Rs.1,516 crore in the domestic markets, which included projects for laying down of transmission lines, manufacturing of electrical equipment used in energy generation and railway construction activity.

The company’s international segment bagged Rs.987 crore in the middle east region for seven substation projects and 153 km of transmission line projects.

The company’s shares closed at Rs.1,979.05 at the Bombay Stock Exchange (BSE), 0.35 percent higher than Thursday.