L&T surges on synchronising MP Power Plant Unit in record time

30 Apr 2018

Larsen & Toubro is currently trading at Rs. 1392.15, up by 15.35 points or 1.11% from its previous closing of Rs. 1376.80 on the BSE.

The scrip opened at Rs. 1380.20 and has touched a high and low of Rs. 1399.45 and Rs. 1380.00 respectively. So far 80732 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1469.60 on 01-Feb-2018 and a 52 week low of Rs. 1,108.12 on 30-Jun-2017.

Last one week high and low of the scrip stood at Rs. 1,399.45 and Rs. 1330.20 respectively. The current market cap of the company is Rs. 195097.71 crore.

The Institutions and Non-Institutions held 58.16% and 41.84% stake in the company, respectively.

Larsen & Toubro (L&T) has successfully synchronised on April 27, 2018, the Unit-3 of the state-of-the-art 2x660 MW Shree Singaji Thermal Power Plant in Madhya Pradesh in record time of 40 months for indigenously built power plants in India. This supercritical power plant is being put up by MP Power Generating Company at Khandwa district in the state.

L&T’s scope of work includes design, engineering, supply, installation and commissioning of Units 3 & 4 (Stage-II) of the coal-fired power plant on a turnkey basis. The EPC contract was awarded to L&T on December 31, 2014.

L&T has executed several large coal-based power projects on EPC basis for government utilities and independent power producers in India. It is currently executing another coal-based power project in Madhya Pradesh – 2x660 MW ultra-supercritical power plant at Khargone for NTPC.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $17 billion in revenue.

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