The announcement was made on Saturday, 18 August 2018.

Meanwhile, the S&P BSE Sensex was up 258.32 points, or 0.68% to 38,206.20.

On the BSE, 1.98 lakh shares were traded in the counter so far compared with average daily volumes of 1.19 lakh shares in the past two weeks. The stock had hit a high of Rs 1,306 and a low of Rs 1,281.90 so far during the day. The stock hit a record high of Rs 1,469.60 on 1 February 2018. The stock hit a 52-week low of Rs 1,114.55 on 22 August 2017.

On a consolidated basis, net profit of Larsen & Toubro rose 43.15% to Rs 1472 crore on 18.78% rise in net sales to Rs 28283.45 crore in Q1 June 2018 over Q1 June 2017.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

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The Board of Larsen & Toubro will consider a proposal for buyback of equity shares of the Company, at its meeting to be held on 23 August 2018.

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L&T Connstruction has bagged an EPC order worth Rs 3,028 Crore from GMR Hyderabad Int'l Airport Limited (GHIAL). The scope of work includes execution and implementation of engineering, procurement and construction for expansion of terminal building and airside infrastructure works at Rajiv Gandhi International Airport, Hyderabad, Telangana.The expansion has increased the airport's capacity to handle 34 million passengers per annum.

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Meanwhile, the S&P BSE Sensex was down 2.67 points, or 0.01% to 37,689.22.

On the BSE, 30,000 shares were traded in the counter so far compared with average daily volumes of 2.21 lakh shares in the past two weeks. The stock had hit a high of Rs 1,308 and a low of Rs 1,292.65 so far during the day. The stock hit a record high of Rs 1,469.60 on 1 February 2018. The stock hit a 52-week low of Rs 1,114.55 on 22 August 2017.

The power transmission & distribution (PT&D) business of L&T Construction has bagged EPC orders worth Rs 1723 crore. The smart world & communication business has secured an order worth Rs 181 crore for the implementation of Goa Intelligent City Management System for Panaji City as the master system integrator (MSI).

On a consolidated basis, net profit of Larsen & Toubro rose 43.15% to Rs 1472 crore on 18.78% rise in net sales to Rs 28283.45 crore in Q1 June 2018 over Q1 June 2017.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue. L&T Construction is a brand of Larsen & Toubro.

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