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L&T gains on delivering two more high speed Interceptor Ships to Indian Coast Guard

17 Aug 2017 Evaluate

Larsen & Toubro is currently trading at Rs. 1143.70, up by 2.05 points or 0.18% from its previous closing of Rs. 1141.65 on the BSE.

The scrip opened at Rs. 1142.00 and has touched a high and low of Rs. 1156.15 and Rs. 1132.30 respectively. So far 231876 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1223.28 on 30-May-2017 and a 52 week low of Rs. 863.97 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1156.15 and Rs. 1120.00 respectively. The current market cap of the company is Rs. 160362.47 crore.

The Institutions and Non-Institutions held 57.33% and 42.67% stake in the company, respectively.

Larsen & Toubro (L&T) has delivered two more High Speed Interceptor Ships (C-433 and C-434) to Indian Coast Guard at the company’s Kattupalli Shipyard, near Chennai, seven months ahead of contractual schedule. This is part of the two contracts being executed by L&T for design and construction of 54 Interceptors to Indian Coast Guard, valued at Rs 1424 crore. The company had won the order against Global competition. With these two, 34 Interceptors have been delivered by the company, so far.

Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.


Peers
Company Name CMP
Larsen & Toubro 3830.15
Kalpataru Projects 1399.50
NCC 135.65
Rail Vikas Nigam 201.15
KEC International 401.55
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