L&T gains on inking contract to build stadium in Qatar along with its JV partner

Larsen & Toubro Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 500510 | NSE: LT

08 Jun 2016 Evaluate

L&T is currently trading at Rs. 1501.50, up by 13.45 points or 0.90% from its previous closing of Rs. 1488.05 on the BSE.

The scrip opened at Rs. 1499.00 and has touched a high and low of Rs. 1503.45 and Rs. 1491.45 respectively. So far 3,028 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1886.25 on 17-Jul-2015 and a 52 week low of Rs. 1016.60 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1503.45 and Rs. 1442.65 respectively. The current market cap of the company is Rs. 1,39,857.00 crore.

The Institutions and Non-Institutions held 54.51% and 43.43% respectively.

Larsen & Toubro’s (L&T) construction arm -- L&T Constructions, along with its JV partner in Qatar, Al Balagh Trading & Contracting, has signed a contract to build a 40,000 seater stadium, as part of the sports infrastructure being readied by the Emirate in preparation of the 2022 FIFA World Cup. The contract was announced by the Supreme Committee for Delivery & Legacy at a well-attended signing ceremony.

The contract for the project is for a combined value of $360 million for both JV partners and is slated to be completed by 2019. The scope for the stadium includes main works and construction of the site, following completion of the enabling works.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with $16 billion in revenue. It operates in over 30 countries worldwide.

Larsen & Toubro Share Price

3973.60 -48.90 (-1.22%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	3973.60
Rail Vikas Nigam	305.00
NCC	169.85
KEC International	598.10
Kalpataru Projects	1274.45
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