Larsen & Toubro (L&T) is currently trading at Rs. 1459.95, up by 11.30 points or 0.78% from its previous closing of Rs. 1448.65 on the BSE.
The scrip opened at Rs. 1452.00 and has touched a high and low of Rs. 1478.00 and Rs. 1447.00 respectively. So far 183596 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1932.95 on 07-Mar-2011 and a 52 week low of Rs. 971.00 on 21-Dec-2011.
Last one week high and low of the scrip stood at Rs. 1529.80 and Rs. 1317.25 respectively. The current market cap of the company is Rs. 89123.08 crore.
The Institutions and Non-Institutions held 51.65% and 45.18% stake in the company, respectively.
The Metering & Protection Systems business of Larsen & Toubro (L&T) and UK-based Cyan Holdings have agreed to form a strategic partnership to collaborate in the development, supply and delivery of advanced metering solutions comprising L&T electricity meters integrated with Cyan's wireless communication modules for AMI, Smart Metering and Smart Grid Pilot projects.
Both the parties have identified a number of projects in India, where there is a need for 865 MHz based interoperable wireless AMI with a requirement for end to end communications enabling remote tamper detection and reporting. The parties have entered into this strategic alliance as they believe that this technology is likely to become a major factor in the fast growing Indian electricity metering market.
Cyan Holdings is a corporation having its principal place of business at Buckingway Business Park, Swavesey, Cambridge. The company is an integrated system design company delivering mesh based flexible wireless solutions for utility metering, lighting control and industrial telemetry.