Mumbai/IBNS, March 27 -- Shares of Larsen & Toubro (L&T) fell 3% on Friday despite the company securing domestic orders worth nearly Rs.2,500 crore, according to media reports.

The decline comes amid prevailing West Asia tensions triggered by the US-Israel joint attack on Iran, which has weighed on investor sentiment.

The company added that its Buildings & Factories business vertical secured "significant" orders in the range of Rs.1,000-Rs.2,500 crore.

Earlier, L&T had also announced a major water management project in Assam. The order was awarded to its Water & Effluent Treatment (WET) business by the Guwahati Metropolitan Drinking Water & Sewerage Board.

Published by HT Digital Content Services with permission from India Blooms....