The announcement was made during trading hours today, 29 June 2012.

Meanwhile, the BSE Sensex was up 362.19 points, or 2.13%, to 17,352.95.

On BSE, 3.06 lakh shares were traded in the counter as against an average daily volume of 3.67 lakh shares in the past one quarter.

The stock hit a high of Rs 1,396 and a low of Rs 1,358 so far during the day. The stock had hit a 52-week high of Rs 1,867.85 on 8 July 2011. The stock had hit a 52-week low of Rs 971 on 21 December 2011.

The stock had outperformed the market over the past one month until 28 June 2012, gaining 11.52% compared with the Sensex's 3.50% rise. The scrip had also outperformed the market in past one quarter, rising 2.54% as against 0.76% fall in the Sensex.

The large-cap engineering and construction company has an equity capital of Rs 122.56 crore. Face value per share is Rs 2.

L&T said the power transmission and distribution IC of L&T Construction has won new orders in both domestic and international markets. A major order worth Rs 846 crore has been bagged from West Bengal State Electricity Distribution Company for Rural Electricity Infrastructure in villages in Jalpaiguri, East Midnapur, West Midnapur, and Malda districts of West Bengal under the Backward Region Grant Scheme (BRGF).

On the international front, new order worth Rs 156 crore has been secured from reputed customers in Qatar for electrical network power quality improvement work including additional orders in ongoing projects in Middle East.

L&T on 7 June 2012 said its construction division secured new orders valued at Rs 2410 crore across various businesses in Q1 June 2012.

L&T's net profit rose 13.9% to Rs 1920.41 crore on 21% growth in net sales to Rs 18460.90 crore in Q4 March 2012 over Q4 March 2011.

L&T is a $12.8 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations.