New Delhi, March 24 -- Larsen & Toubro (L&T) share price gained over 2% in early trade on Monday after the engineering and construction major announced board approval for borrowing proposals worth Rs.12,000 crore. L&T shares gained as much as 2.88% to Rs.3,515.90 apiece on the BSE.

L&T said its Board of Directors approved Long term borrowings of upto Rs.12,000 crore.

The board at its meeting also approved the appointment of Subramanian Sarma, Whole-time Director & President, Energy as the Deputy Managing Director & President of the Company with effect from April 2, 2025 to February 3, 2028.

"The Board of Directors has approved Long term borrowings of upto Rs.12,000 crore, including through external commercial borrowings, term loans, no...