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L&T firms up on new order win by company’s construction division

30 Mar 2012 Evaluate

Larsen & Toubro (L&T) is currently trading at Rs 1304.00, up by 23.45 points or 1.83% from its previous closing of Rs 1280.55 on the BSE.

The scrip opened at Rs 1288.10 and has touched a high and low of Rs 1308.95 and Rs 1282.50 respectively. So far 203558 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 1321.80 and Rs 1275.00 respectively. The current market cap of the company is Rs 79550.62 crore.

The institutions holding in the company stood at 51.65% while Non-Institutions 45.18% of stake.

L&T Construction, the Engineering Construction and Contracts division of L&T has won new orders valued over Rs 1,875 crore across various business segments in March 2012. Under the Power Transmission & Distribution IC, it has secured new orders in both domestic and international markets from reputed customers. Domestic orders worth Rs 701 crore include a major order from the Tamil Nadu Electricity Board for the construction of 148km, 400kV DC (Quad) transmission line from Pugalur to Pandiankuppam in Tamil Nadu. The project will be completed in 18 months.

Besides, the company has bagged two additional orders for construction of substations at Malaysendra from Karnataka Power Transmission Corporation and at Jind, Haryana from Power Grid Corporation of India. International orders, valued at Rs 194 crore, include those for construction of a 220/33 kV substation and various orders for ongoing projects at UAE.

Under the Building & Factories IC, the company has bagged new orders aggregating Rs 841 crore. This includes construction of residential apartments in Chennai and Mumbai from leading developers. Another new order has been received for construction of a mall in Bangalore.

Further, in the Solar Business Unit, L&T Construction has secured orders worth Rs 139 crore from reputed developers for the construction of a 5.75 MW Solar PV plant on EPC basis in Rajasthan and general civil works for 1x125 solar thermal power project in Gujarat.

Larsen & Toubro Share Price

4094.95 -22.40 (-0.54%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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