L&T spurts as its arm bags orders worth Rs 2,046 crore across various business segments

29 Sep 2016

Larsen & Toubro is currently trading at Rs 1464.50, up by 9.20 points or 0.63% from its previous closing of Rs 1455.30 on the BSE.

The scrip opened at Rs. 1460.00 and has touched a high and low of Rs. 1469.00 and Rs. 1460.00 respectively. So far 10922 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1615.00 on 27-Jul-2016 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. 1516.00 and Rs. 1435.00 respectively. The current market cap of the company is Rs. 136605.61 crore.

The Institutions and Non-Institutions held 56.49% and 43.51% respectively in the company.

Larsen & Toubro’s (L&T) construction arm -- L&T Constructions has bagged orders worth Rs 2,046 crore across various business segments. Under Power Transmission & Distribution Business, the business has won engineering, procurement and construction orders worth Rs 826 crore. The scope of work includes construction of projects for rural electrification under the Integrated Power Development Scheme, extra high voltage substations and overhead transmission lines across various locations in India.

Under Heavy Civil Infrastructure Business, it has secured a prestigious order worth Rs 675 crore in the metro sector. The scope of the work primarily includes the construction of elevated viaducts and elevated stations.

Besides, under Building & Factories Business, it has bagged a residential project worth Rs 434 crore from a renowned client, while under Transportation Infrastructure Business, it has secured additional orders worth Rs 111 crore in its various ongoing projects.

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