L&T gains on securing orders worth Rs 1,076 crore

15 Jun 2012

L&T is currently trading at Rs. 1300.05, up by 3.15 points or 0.24% from its previous closing of Rs. 1296.90 on the BSE.

The scrip opened at Rs. 1302.00 and has touched a high and low of Rs. 1314.00 and Rs. 1296.05 respectively. So far 110965 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. 1371.35 and Rs. 1270.00 respectively. The current market cap of the company is Rs. 79477.50 crore.

The Institutions holding in the company stood at 52.25% and Non-Institutions held at 44.64% respectively. 

L&T Construction has won new orders worth Rs 1,076 crore across various businesses during the first quarter of 2012-2013. Under the Metallurgical & Material Handling IC segment, it has bagged an order worth  Rs 407 crore from Bajaj Infrastructure Development Corporation (BIDCO) to set up a coal handling system on turnkey basis for their green field 3 x 660 MW Super Thermal Power Project in Lalitpur at Uttar Pradesh.

This coal handling plant package will be completed on a fast track schedule of 22 months. L&T’s scope of work includes design, engineering, supply and erection of mechanical, electrical and instrumentation works, covering associated civil, structural works, testing and commissioning.

Under the Power Transmission & Distribution IC, it has secured new orders worth Rs 669 crore in domestic and international markets. A major order has been bagged for the construction of 132/33 kV substations and other modification works in the Middle East. On the domestic front, a new order has been secured for executing electrical works under Restructured Accelerated Power Development Reforms Programme for the Hubli Electricity Supply Company and a few additional orders from various ongoing projects.

Larsen & Toubro is an $11.7 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.

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