L&T bags Rs 581 cr contracts in coal handling, water biz

In a filing to the Bombay Stock Exchange, L&T said it received a Rs 392 crore order for material handling business and another Rs 189 crore order for water business during the third quarter of 2009-10.

The Rs 392 crore contract from Powergen Infrastructure, is for setting up a coal handling plant at Tiroda Thermal Power Plant of Adani Power in Maharashtra in 30 months.

Meanwhile, the Rs 189 crore contract secured from Bangalore Water and Sewerage Board includes laying of steel pipeline, envisaging transmission of 500 million litres of water per day from Kaveri river to Bengaluru.

The project is scheduled to be completed within 24 months. Shares of the company were trading at Rs 1,685.05, up by 1.21 per cent on the BSE in early morning trade.