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L&T inches up on bagging EPC order for gas based power plant in Bangladesh

30 Nov 2017

Larsen & Toubro (L&T) is currently trading at Rs. 1219.00, up by 1.70 points or 0.14% from its previous closing of Rs. 1217.30 on the BSE.

The scrip opened at Rs. 1220.00 and has touched a high and low of Rs. 1220.00 and Rs. 1209.20 respectively. So far 31,000 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. 1230.00 and Rs. 1209.10 respectively. The current market cap of the company is Rs. 1,70,785.00 crore.

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

Bangladesh Power Development Board (BPDB) has awarded the contract for setting up Bibiyana South 400 MW Combined Cycle Power Plant Project to a consortium of Larsen & Toubro (L&T) and Samsung C&T Corporation of South Korea. L&T shall be executing the EPC contract valued at around $250 million. This 400 MW gas based power plant will be located at Bibiyana Upzila in Hobiganj district of Sylhet division in the north-eastern sector of Bangladesh, around 215 km by road from Agartala in India.

L&T's scope includes design, detail engineering, supply, installation and commissioning of the complete power plant on a turnkey basis. The plant will incorporate state-of-the-art Single Shaft Advanced Class Gas Turbine, Steam Turbine and Generator from Siemens AG of Germany, which will be procured by L&T. L&T-Sargent & Lundy, a joint venture company of L&T and Sargent & Lundy LLC, USA, will carry out the plant integration and detail engineering, using propriety technology of Sargent & Lundy.

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

Related Larsen & Toubro Ltd. Links:

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