L&T rises as its arm bags orders worth Rs 1283 crore

Larsen & Toubro (L&T) is currently trading at Rs. 1545.05, up by 13.10 points or 0.86% from its previous closing of Rs. 1531.95 on the BSE.

The scrip opened at Rs. 1537.20 and has touched a high and low of Rs. 1556.00 and Rs. 1531.95 respectively. So far 95508 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. 1556.00 and Rs. 1484.65 respectively. The current market cap of the company is Rs. 143690.41 crore.

The institutions and non-institutions held 56.18% and 41.49% stake in the company, respectively.

The Water & Renewable Energy Business of L&T Construction, a leading player in the water infrastructure and renewable energy sector in India, has secured new orders worth Rs 1283 crore in July and August 2014. The Water Supply & Distribution Business along with its joint venture partner NCC has secured a major order from Uttar Pradesh Jal Nigam for the Japan International Cooperation Agency-assisted Agra Water Supply Project - Package (5A). The scope involves construction of two parallel 2100 mm diameter steel gravity mains in the city. The total value of the order for the joint venture is Rs 745 crore, out of which L&T’s share is Rs 410 crore.

In the Waste Water Business, repeat orders have been received from Greater Mohali Area Development Authority and Haryana State Industrial Infrastructure Development Corporation for construction of water and waste water infrastructure facilities at an upcoming IT city at Mohali, Punjab and industrial estates around Rohtak, Haryana, respectively. The infrastructure facilities include waste water and water supply networks, storm water systems and associated utility works. Besides, Industrial Water Systems Business has received a turnkey order from a private player for the construction of a 40 MLD common effluent treatment plant based on sequential batch reactor technology in Punjab.

The Water & Renewable Energy Business caters to turnkey infrastructure projects including water supply and distribution, desalination plants, water management system, waste water networks, water and waste water treatment plants, industrial water systems, lift irrigation systems and canal rehabilitation.

L&T’s construction division, L&T Construction has played a prominent role in India’s industrial and infrastructure development by executing several major projects across length and breadth of the country and abroad.