L&T advances on plan to sell industrial plot, factory building

Larsen & Toubro Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 500510 | NSE: LT

18 Jun 2014 Evaluate

Larsen & Toubro (L&T) is currently trading at Rs. 1695.00, up by 10.50 points or 0.62% from its previous closing of Rs. 1684.50 on the BSE.

The scrip opened at Rs. 1687.80 and has touched a high and low of Rs. 1707.40 and Rs. 1672.35 respectively. So far 65880 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1774.70 on 09-Jun-2014 and a 52 week low of Rs. 678.10 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 1742.00 and Rs. 1635.10 respectively. The current market cap of the company is Rs. 157826.74 crore.

The Institutions holding in the company stood at 55.07 % while Non-Institutions held 42.25% of company’s stake.

Larsen and Toubro (L&T) is planning to sell its industrial plot, along with factory building including infrastructure in Nashik. In this regard the company has put industrial plot, factory on the block for a minimum bid of Rs 18 crore to Rs 25 crore.

The plot spread over 15,426 square metres in Ambad, MIDC in Nashik, has a built up area of 3,566 square metres, and functioned as a switchgear factory. The current market rate of the area around MIDC is about Rs 12,000 per square metre, valuing the plot at around Rs 18.5 crore.

The infrastructure company would be opening the sealed bids by July 12. Last month, the company also sold its stake in the Dhamra Port, to raise capital to the tune of Rs 5,500 crore.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.

Larsen & Toubro Share Price

3940.00 -33.60 (-0.85%)

11-May-2026 16:01 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	3940.00
Rail Vikas Nigam	295.40
NCC	166.20
KEC International	583.55
Kalpataru Projects	1262.00
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