L&T Bags ₹10,000 Cr Contracts, Shares Hit New 52-Week High

• L&T's Minerals and Metals Business secured "Major" orders, valued between ₹5,000-₹10,000 crore, from SAIL and other firms for domestic metal sector EPC projects.
• Key projects include the expansion of SAIL's IISCO Steel Plant in Burnpur and setting up Sinter Plant 2 at Bokaro Steel Plant.
• L&T shares surged to a new 52-week high of ₹4171 on January 2, closing with a 0.57% gain.
• The company's stock has seen a 13% rise in 3 months and a 220% return over 5 years, with a market cap of ₹5.72 lakh crore.
• Q2 FY25 consolidated net profit increased 15.6% to ₹3926 crore, while revenue grew 10% to ₹67983.53 crore.

Why It Matters: L&T secures major contracts and achieves a 52-week high, reflecting strong performance.