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L&T moves up with construction arm bagging order worth Rs 3,191 crore

25 May 2018 Evaluate

Larsen & Toubro is currently trading at Rs. 1345.00, up by 6.35 points or 0.47% from its previous closing of Rs. 1338.65 on the BSE.

The scrip opened at Rs. 1341.40 and has touched a high and low of Rs. 1346.00 and Rs. 1333.60 respectively. So far 39250 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. 1,349.80 and Rs. 1311.00 respectively. The current market cap of the company is Rs. 187858.63 crore.

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

Larsen & Toubro’s (L&T) construction arm - L&T Construction’s Transportation Infrastructure business has won a major Design & Build order from the Dhaka Mass Transit Company (DMTC) worth Rs 3191 crore for Electrical & Mechanical Systems Package of Dhaka Mass Rapid Transit Development Project (MRT – Line 6). The project is scheduled to be completed within stringent timelines followed by maintenance support service for a period of 6 years.

Line 6 is the first route of the Mass Rapid Transit system in Bangladesh. The project is funded by the Japan International Corporation agency (JICA) through bilateral aid from Japan to Bangladesh. L&T has secured the order in Joint Venture (JV) with Marubeni Corporation (Japan) through an international competitive bidding process. The 20 km Line 6 is an elevated metro rail system connecting Uttara and Motijheel in Dhaka, passing through Pallabhi and Mirpur, with 16 stations and a Maintenance Depot.

The Electrical & Mechanical system is a design & build package and involves the construction of ballastless track work in Mainline (43 TKM), ballasted track work in Depot (19TKM), eight 1500V DC Traction Sub Stations (TSS), Feeder Messenger Type DC Overhead Catenary System (OCS), Energy Storage System (ESS), Communication Based Train Control (CBTC) Signaling system, Telecommunication system and Radio Communication based on LTE, Automatic Fare Collection System, Platform Screen Doors, Lifts, Escalators and overall system integration.


Larsen & Toubro Share Price

3973.60 -48.90 (-1.22%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3973.60
Rail Vikas Nigam 305.00
NCC 169.85
KEC International 598.10
Kalpataru Projects 1274.45
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