L&T inches up as its arm bags orders worth Rs 3039 crore across various business segments

26 Dec 2016

Larsen & Toubro is currently trading at Rs. 1337.70, up by 0.75 points or 0.06% from its previous closing of Rs. 1336.95 on the BSE.

The scrip opened at Rs. 1334.00 and has touched a high and low of Rs. 1342.00 and Rs. 1319.50 respectively. So far 49924 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. 1360.50 and Rs. 1302.00 respectively. The current market cap of the company is Rs. 124512.37 crore.

The Institutions and Non-Institutions held 56.92% and 43.08% stakes of the company.

Larsen & Toubro’s (L&T) construction arm -- L&T Constructions has bagged orders worth Rs 3039 crore across various business segments. The company received orders worth Rs 1422 crore under water and effluent treatment segment.  An Engineering, Procurement, and Construction (EPC) order has been secured from the Department of Water Resources, Government of Odisha, for the execution of Mega Lift Irrigation Schemes, Cluster IX and Cluster XII.  The scope includes survey, investigation, design, procurement, construction and installation of pumping systems, rising and gravity / main lines, branch lines, distribution network, control and regulation systems to bring more than 36,000 hectares of land under irrigation. Another turnkey order has been bagged from Rajasthan Urban Infrastructure Development Project (RUIDP), Government of Rajasthan, for wastewater infrastructure works at Jhunjhunu, Rajasthan.  An order has also been secured from Gujarat Water Supply and Sewerage Board, Government of Gujarat, for the Narmada River Basin based Bulk Water Pipeline Scheme - Package 2.

Under power transmission & distribution business, the company has secured major orders worth Rs 1036 crore for electrification works under Integrated Power Development Scheme (IPDS) and Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) schemes of the Government of India. The projects have been awarded by the North Bihar Power Distribution Limited and South Bihar Power Distribution and cover locations such as Muzaffarpur, Madhubani, Vaishali, Nalanda and Patna West, Bihar.

Furthermore, the company’s Heavy Civil Infrastructure Business has won an order worth Rs 359 crore from Inland Waterways Authority of India (IWAI) for the engineering, procurement and construction of a new navigational lock at Farakka, West Bengal. The major scope includes construction of a navigational lock structure with the latest technology comprising about 250 m long and 18 m deep retaining walls on either side of channel, 390m long guide wall, channel base slab on tension piles, mitre gates and caisson gates with automation system. Under metallurgical and material handling segment, the company has bagged an order worth Rs 222 crore from a major customer for the supply, erection, testing and commissioning of equipment package at Paradip port. The scope includes supply of stacker reclaimers and tandem tippler

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