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Company updates
Larsen & Toubro (LT IN; Rs790; Buy) – announced large order wins
L&T announced three large order wins totaling Rs16bn yesterday.
1) Rs7bn order from HPCL-Mittal refinery in Bhatinda – Follow-up order for hydrogen
generating units.
2) Rs3.6bn order for urban water supply project from Delhi Jal Board.
3) Rs5.8bn order for urban water supply project from Hyderabad.

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