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L&T inches up as its construction arm bags orders worth Rs 3355 crore

26 Dec 2017

Larsen & Toubro is currently trading at Rs. 1267.00, up by 0.35 points or 0.03% from its previous closing of Rs. 1266.65 on the BSE.

The scrip opened at Rs. 1267.55 and has touched a high and low of Rs. 1274.00 and Rs. 1258.50 respectively. So far 101430 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1274.50 on 26-Dec-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. 1274.00 and Rs. 1177.45 respectively. The current market cap of the company is Rs. 176985.32 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 orders worth Rs 3355 crore under buildings & factories business.

The business has won a prestigious order from the ‘India International Convention & Exhibition Centre’ to design and construct a state-of-the-art India International Convention & Expo Center (IICC) in New Delhi.

The mega project is planned over 89 hectares of land in Dwarka, New Delhi and will feature world class infrastructure facilities like exhibition spaces, convention areas, hotels, commercial offices, retail spaces and a 20,000 capacity multi-purpose arena. The facilities will be at par with the best in the world and will offer an exquisite ambiance and high quality setting for international as well as national meetings, conferences, exhibitions and trade shows.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323