L&T gains as its arm bags orders worth Rs 1099 crore

Larsen & Toubro is currently trading at Rs. 1701.05, up by 45.70 points or 2.76% from its previous closing of Rs. 1655.35 on the BSE.

The scrip opened at Rs. 1665.00 and has touched a high and low of Rs. 1707.00 and Rs. 1642.10 respectively. So far 2,39,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1892.95 on 04-Mar-2015 and a 52 week low of Rs. 1400.00 on 08-Oct-2014.

Last one week high and low of the scrip stood at Rs. 1707.00 and Rs. 1606.95 respectively. The current market cap of the company is Rs. 1,58,181.00 crore.

The Institutions and Non-Institutions held 52.89% and 44.82% stake respectively.

Larsen & Toubro’s (L&T) subsidiary -- L&T Construction -- has won orders worth Rs 1099 crore across various business segments in May 2015. Under Power Transmission & Distribution Business, it has bagged orders worth Rs 517 crores in both the international and domestic markets including add ons. In the domestic market, a rural electrification project under the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) scheme has been bagged in Gorakhpur, Uttar Pradesh, from Purvanchal Vidyut Vitran Nigam. On the international front, this business has received an EPC (Engineering, Procurement & Construction) order from a private developer for two 132/11kV substations in the Middle East.

Under Buildings & Factories Business, the company has secured an order worth Rs 300 crore. It is for the design and construction of an integrated foods manufacturing factory in Punjab, from a prestigious client. The scope of work includes civil and structural works, pre-engineered buildings, mechanical, electrical, and plumbing works of 8 Lakh Sq. ft. The project is scheduled to be completed in 16 months.

Under Water Smart World & Communication Business, the company has secured orders worth Rs 282 crores including add ons. One of the orders has been received from a reputed developer for turnkey construction of water and waste water infrastructure facilities at an upcoming township at Durgapur, West Bengal. The infrastructure facilities include water supply and waste-water networks, waste-water treatment plant, storm-water systems and associated utility works.

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.