L&T gains as its arm bags orders worth Rs 1,489 crore in Rajasthan

31 Aug 2015

Larsen & Toubro (L&T) is currently trading at Rs. 1622.70, up by 5.80 points or 0.36% from its previous closing of Rs. 1616.90 on the BSE.

The scrip opened at Rs. 1616.00 and has touched a high and low of Rs. 1629.90 and Rs. 1605.30 respectively. So far 58,000 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. 1700.00 and Rs. 1575.00 respectively. The current market cap of the company is Rs. 1,51,199.00 crore.

The Institutions and Non-Institutions held 55.68% and 41.93% respectively.

Larsen & Toubro’s subsidiary - L&T Construction’s Water & Effluent Treatment Strategic Business Group, has won turnkey orders worth Rs 1,489 crore in August 2015, in three packages, from Public Health Engineering Department, Ajmer, under the Rajasthan Rural Water Supply and Fluorosis Mitigation Project (Nagaur).

The projects, funded by Japan International Cooperation Agency (JICA), are aimed at providing potable water to 986 villages and seven urban towns in Nagaur district and 111 villages and two towns of Bikaner district in Rajasthan. The scope of the packages includes the construction of a 5310 ML raw water reservoir, a 250 MLD water treatment plant, raw water and clear water pumping stations, mild steel and ductile iron pipelines, electro-mechanical and instrumentation and other allied works including operation and maintenance.

The Water & Effluent Treatment Strategic Business Group (SBG) caters to turnkey infrastructure projects including water treatment plants, water supply and distribution networks, desalination plants, water management system, waste water networks, waste water treatment plants, complete industrial water solutions covering water treatment, effluent treatment, de-mineralization, water reuse and lift irrigation systems.

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.

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