L&T rises on commissioning gas turbines for two gas-based projects in Bangladesh

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

07 Apr 2017 Evaluate

Larsen & Toubro is currently trading at Rs. 1695.05, up by 12.40 points or 0.74% from its previous closing of Rs. 1682.65 on the BSE.

The scrip opened at Rs. 1674.80 and has touched a high and low of Rs. 1719.45 and Rs. 1670.00 respectively. So far 393994 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,719.45 on 07-Apr-2017 and a 52 week low of Rs. 1177.00 on 07-Apr-2016.

Last one week high and low of the scrip stood at Rs. 1,719.45 and Rs. 1,578.00 respectively. The current market cap of the company is Rs. 159994.31 crore.

The Institutions and Non-Institutions held 56.73% and 43.26% respectively.

Larsen & Toubro (L&T) has commissioned gas turbines in open cycle for two large gas-based power projects in Bangladesh in quick succession during March 2017. The first 150 MW gas turbine for Bangladesh Power Development Board’s (BPDB’s) 225 MW Combined Cycle (Dual Fuel) Power Plant at Sikalbaha in Chittagong district was synchronized with the national grid on March 25, 2017. The second 280 MW gas turbine for North West Power Generation (NWPGCL) Combined Cycle Power Plant (360 MW) Development Project at Bheramara in Kushtia district was synchronized with the grid on March 31, 2017. With the successful commissioning of these two gas turbines at their full capacity, around 450 MW of clean and green power has been added to the generation capacity of Bangladesh.

BPDB had awarded the engineering, procurement and construction (EPC) contract for Sikalbaha project to L&T through international bidding in August 2014 and work on the project started in April 2015. L&T has supplied advanced class gas turbines and high efficiency steam turbines for this project from world renowned European OEM - Siemens AG of Germany.

Furthermore, NWPGCL had awarded the Bheramara project in July 2014 to Japanese company - Marubeni Corporation - through international bidding, which engaged L&T as its EPC subcontractor. In this project, L&T has supplied state-of-the-art gas turbines and steam turbines from Japanese OEM - Mitsubishi Hitachi Power Systems. The power plants are designed to operate on natural gas as well as heavy fuel oil and work is in advanced stage to commission the steam turbines in combined cycle mode later this year. Once commissioned, the two power plants will generate more than 635 MW on full load.

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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