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L&T climbs on bagging orders worth Rs 1,454 crore

07 Mar 2012 Evaluate

L&T is currently trading at Rs. 1246.00, up by 9.95 points or 0.80% from its previous closing of Rs. 1236.05 on the BSE.

The scrip opened at Rs. 1230.00 and has touched a high and low of Rs. 1252.95 and Rs. 1224.25 respectively. So far 169585 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1867.85 on 08-Jul-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. 1319.90 and Rs. 1224.25 respectively. The current market cap of the company is Rs. 76108.94 crore.

The Institutional holding in the company stood at 51.65% while Non-Institutions held 45.18%.

L&T Construction has won new orders valued over Rs 1,454 crore across various business segments in February and March 2012.

The company's Water and Effluent Treatment business unit has secured new orders worth Rs 579 crore from Tamil Nadu Water Supply & Drainage Board. The scope includes providing combined water supply scheme to Attur -Narsingpuram municipalities and The Vallore Corporation. The scheme will cater to 20 town panchayats and 1345 rural habitations in Salem district and 11 municipalities, 5 town panchayats and 944 rural habitations in Vellore district.

In addition, the Power Transmission & Distribution IC has secured new orders in both domestic and international markets from reputed customers. The domestic orders worth Rs 351 crore include construction of an electrical balance of plant works for a 2x660 MW super thermal power plant from a leading developer and another order from Gulbarga Electricity Supply Company under RAPDRP (Part -B) scheme for various electrical works in Gulbarga and Bidar districts in Karnataka. Also, international orders are valued at Rs 320 crore for construction of a 132/11 kV substation in Kuwait.

Further, in Building & Factories IC, additional orders worth Rs 204 crore have been bagged from various ongoing projects.

Larsen & Toubro Share Price

4094.95 -22.40 (-0.54%)
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Company Name CMP
Larsen & Toubro 4094.95
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