L&T rises on bagging order worth Rs 1700 crore from Marubeni Corporation

18 Sep 2015 Evaluate

L&T is currently trading at Rs. 1575.45, up by 27.60 points or 1.78% from its previous closing of Rs. 1547.85 on the BSE.

The scrip opened at Rs. 1560.00 and has touched a high and low of Rs. 1584.00 and Rs. 1558.00 respectively. So far 116413 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. 1630.00 and Rs. 1535.20 respectively. The current market cap of the company is Rs. 146756.09 crore.

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

Larsen & Toubro (L&T) has received an order worth around Rs 1700 crore from Marubeni Corporation, Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant Project of Bangladesh Power Development Board (BPDB).

BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to the company on turnkey basis. This plant will be located at Nabiganj Upzila in Habiganj District of Sylhet Division, in the north-eastern sector of Bangladesh, at a distance of approximately 130 km by road from Agartala in India.

The company's scope of work includes design, detailed engineering, supply, installation and commissioning of the complete power plant on turnkey basis. The plant will incorporate state-of-the-art advanced class gas turbine and generator from Mitsubishi Hitachi Power Systems, Japan, and high efficiency steam turbine and generator from Fuji Electric company, Japan, which will be procured by the company. L&T-Sargent and Lundy, a joint venture company of the company, will carry out the plant integration and detailed engineering, using proprietary technology of Sargent & Lundy LLC, USA.

The project will be executed by the Gas Based Power Projects Business Unit of L&T Power, based in Baroda. The company's well-established strengths in design, engineering and construction, accompanied with robust quality, safety standards, and on-time delivery are vital contributors to its success in the power industry.


Larsen & Toubro Share Price

3636.15 33.85 (0.94%)
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