Mumbai, Oct. 10 -- Shares of Larsen & Toubro rose 0.87% to currently trade at Rs 3,516.80 on the BSE.

In a regulatory filing, the company stated, "We hereby inform you that the board of directors, at its meeting held today, 9 October 2024, has approved the placement of a purchase order on Larsen & Toubro for the setup of a 1,200 MTPD (DAP basis) complex fertilizer plant on LSTK basis at RCF, Thal."

The project is valued at Rs 1,000.27 crore and is expected to be completed within 27 months.

Rashtriya Chemicals & Fertilizers (RCF) is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. As on 30 June 2024, the Government of India held 75% stake in the company.

The company's consolidated net profit slipped 8...