New Delhi: Larsen & Toubro and Raymond Ltd shares are expected to be in focus. infrastructure major L&T on Tuesday confirmed to bag large orders in both domestic and overseas markets. Realty firm Raymond Ltd has signed a joint development agreement with Ten X Realty East Ltd to develop a housing project in Mumbai with an estimated revenue potential of Rs 5,000 crore.
Raymond Ltd share price traded 2.21 per cent down at Rs 1,371.95 apiece at around 12 noon on April 1, 2025. The L&T shares traded with Rs 52.65 decline at Rs 3,439.65 per equity share.
L&T wins large orders in India, overseas
L&T informed the BSE about bagging orders which will be managed by the power transmission and distribution vertical of the company. It may be noted that order value between Rs 2,500 crore and Rs 5,000 crore are considered ‘large’ orders by the infrastructure major.
Larsen & Toubro sealed a deal to set up a gas-insulated substation in the Western part of the country. It has bagged another order for the turnkey construction of a transmission line associated with the evacuation of power in the same region.
The company will be setting up two 380kV overhead lines in Saudi Arabia, besides getting orders in the UAE and Qatar.
Raymond inks JV to develop Rs 5,000-cr housing project
In a regulatory filing, Raymond informed that its wholly-owned step-down subsidiary, Ten X Realty East Ltd, sealed a deal for the residential project in Wadala.
“This landmark project is estimated to have a gross development value of approximately Rs 5,000 crore…,” the company said.
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Larsen & Toubro (L&T) announced significant new orders in India and internationally, bolstering its infrastructure portfolio. Simultaneously, Raymond Ltd. entered a joint venture to develop a substantial Rs 5,000 crore housing project in Mumbai. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
