L&T gains as its arm bags orders worth Rs 2,035 crore

29 Jun 2015

Larsen & Toubro is currently trading at Rs. 1783.50, up by 3.55 points or 0.20% from its previous closing of Rs. 1779.95 on the BSE.

The scrip opened at Rs. 1748.00 and has touched a high and low of Rs. 17,90.00 and Rs. 1720.00 respectively. So far 153423 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. 1816.90 and Rs. 1717.10 respectively. The current market cap of the company is Rs. 164151.26 crore.

The institutions and non-institutions held 52.89% and 44.82% stake in the company,  respectively.

Larsen & Toubro’s (L&T) subsidiary -- L&T Construction -- has won orders worth Rs 2,035 crore across various business segments in June 2015. Under Buildings & Factories Business, it has secured new orders for the construction of office spaces including add-ons. A major order was secured from a global information technology solutions provider for the turnkey construction of their office building in Hyderabad. The scope involves engineering design, civil, structural, architectural finishes and mechanical, electrical and plumbing works. Another order was received from a private developer for the construction of an office complex in Mumbai.

Under Transportation Infrastructure Business, it has won a major EPC order from a reputed infrastructure developer for the construction of 109.54 Kms of four lane dual carriage way of the Solapur, Maharashtra - Bijapur, Karnataka road.

The scope also involves constructing 46.23 Km of service road, 6 flyovers, 2 railway over bridges (ROB), 3 major bridges, 49 minor bridges and 27 underpasses. Additional orders from ongoing jobs of other businesses of L&T Construction have also been received.


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