The company announced the new order during trading hours today, 29 June 2012.

Meanwhile, the BSE Sensex was up 368.13 points or 2.17% to 17,358.89.

On BSE, 3.74 lakh shares were traded in the counter as against average daily volume of 3.67 lakh shares in the past one quarter.

The stock hit a high of Rs 1,399.70 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 till 28 June 2012, surging 11.52% compared with the Sensex's 3.5% rise. The scrip had also outperformed the market in past one quarter, rising 2.54% as against the Sensex's 0.76% fall.

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 highway project will be executed on engineering, procurement and construction (EPC) basis. The scope of the work involves six laning of the existing road, including construction of rail over bridges, underpasses, flyovers, major bridges and viaducts, L&T said in a statement. This mega project is a part of National Highway system being developed under the National Highways Development Programme (NHDP), the company added.

Separately, L&T during trading hours today, 29 June 2012, said its construction division has secured orders aggregating Rs 1002 crore across various business segments in June 2012.

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.