source: downloads/lua-5.1.3/etc/luavs.bat @ 54

@rem Script to build Lua under "Visual Studio .NET Command Prompt".
@rem Do not run from this directory; run it from the toplevel: etc\luavs.bat .
@rem It creates lua5.1.dll, lua5.1.lib, lua5.1.exe, and luac5.1.exe in src.
@rem (contributed by David Manura and Mike Pall)

@setlocal
@set MYCOMPILE=cl /nologo /MD /O2 /W3 /c /D_CRT_SECURE_NO_DEPRECATE
@set MYLINK=link /nologo
@set MYMT=mt /nologo

cd src
%MYCOMPILE% /DLUA_BUILD_AS_DLL l*.c
del lua.obj luac.obj
%MYLINK% /DLL /out:lua5.1.dll l*.obj
if exist lua5.1.dll.manifest^
  %MYMT% -manifest lua5.1.dll.manifest -outputresource:lua5.1.dll;2
%MYCOMPILE% /DLUA_BUILD_AS_DLL lua.c
%MYLINK% /out:lua5.1.exe lua.obj lua5.1.lib
if exist lua5.1.exe.manifest^
  %MYMT% -manifest lua5.1.exe.manifest -outputresource:lua5.1.exe
%MYCOMPILE% l*.c print.c
del lua.obj linit.obj lbaselib.obj ldblib.obj liolib.obj lmathlib.obj^
    loslib.obj ltablib.obj lstrlib.obj loadlib.obj
%MYLINK% /out:luac5.1.exe *.obj
if exist luac5.1.exe.manifest^
  %MYMT% -manifest luac5.1.exe.manifest -outputresource:luac5.1.exe
del *.obj *.manifest
cd ..