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L&T surges on its construction arm bagging order worth Rs 8,650 crore

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

20 Nov 2017 Evaluate

Larsen & Toubro is currently trading at Rs. 1237.05, up by 15.80 points or 1.29% from its previous closing of Rs. 1221.25 on the BSE.

The scrip opened at Rs. 1240.00 and has touched a high and low of Rs. 1248.45 and Rs. 1230.80 respectively. So far 55864 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1274.00 on 10-Nov-2017 and a 52 week low of Rs. 868.43 on 23-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1260.00 and Rs. 1202.00 respectively. The current market cap of the company is Rs. 171100.99 crore.

The Institutions and Non-Institutions held 57.51% and 42.49% stake in the company, respectively.

Larsen & Toubro’s (L&T) construction arm -- L&T Construction -- has bagged a major order worth Rs 8,650 crore from Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of Mumbai Trans Harbour Link (MTHL), Packages 01 & 03. The project involves construction of a 21.8 Km bridge connecting Mumbai mainland with Navi Mumbai. The project has been bagged against stiff competition from renowned international and domestic companies.

The package-01 of the contract involves the construction of a multi-level interchange at Sewri and a 6-lane marine bridge from Sewri to 10.38 Km into the Mumbai bay, crossing over the Sewri mudflats, Pir Pau Jetty and Thane Creek channels. The contract, secured in partnership with IHI Corporation, Japan involves the construction of an Orthotropic Steel Deck crossing the various obligatory navigation channels which will be first of its kind in India.

The package-03, won by L&T on a standalone basis, involves the construction of a 3.6 Km, 6-lane land bridge at Navi Mumbai connecting National Highway-4B and State Highway-54 apart from the construction of Interchanges, Rail Over Bridges and Toll Plazas.

The proposed Mumbai Trans Harbour Link will serve as an economic gateway to Navi Mumbai connecting to Nhava Sheva Port, the Mumbai Pune Expressway and the Mumbai Goa Highway.

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

Larsen & Toubro Share Price

4050.00 -44.95 (-1.10%)

20-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	4050.00
Rail Vikas Nigam	296.30
NCC	160.45
KEC International	559.60
Kalpataru Projects	1240.45
View more..

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L&T surges on its construction arm bagging order worth Rs 8,650 crore

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