InvestorQ : Why was L&T stock up sharply on 17 November?
vidhya Laxmi made post

Why was L&T stock up sharply on 17 November?

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sarah Leo answered.
5 months ago
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Larsen & Toubro stock was up sharply by over 3% on 17 November after it emerged as the lowest bidder for the Rs.3200-crore road bridge project over the Brahmaputra River. This bridge will extend from Dhubri to Phulbari on the national highway NH-127B.

The entire project is being financed by the Japan International Cooperation Agency or JICA, which has been quite active in India of late. The bridge will 18 KM in length and will connect Assam and Meghalaya, reducing the distance by about 203 km.

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