Stocks of engineering major larsen & Toubro rose by over 2 pc on Monday following its pact with French firm Areva for cooperation to maximise localisation for the 9,900-MW Jaitapur N-plant in Maharashtra.
The scrip went up by 2.30 pc to close at Rs 1,801.95 on the BSE. During the day, it gained 2.41 per cent to Rs 1,804. On the NSE, the stock settled 2.07 pc up at Rs Rs 1,800.60.
“Both the companies have signed an MoU for cooperation to maximise localisation for the EPR nuclear power plant to be built at Jaitapur, Maharashtra. Areva’s EPR nuclear reactor is a third generation advanced pressurised water reactor,” l&T had said in a statement on Saturday.