L&T rises as its construction arm bags orders worth Rs 2,357 crore

27 Dec 2018

Larsen & Toubro is currently trading at Rs. 1422.60, up by 0.10 points or 0.01% from its previous closing of Rs. 1422.50 on the BSE.

The scrip opened at Rs. 1429.00 and has touched a high and low of Rs. 1433.55 and Rs. 1420.30 respectively. So far 26768 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. 1183.40 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1459.10 and Rs. 1385.00 respectively. The current market cap of the company is Rs. 199886.50 crore.

The Institutions and Non-Institutions holding in the company stood at 57.57% and 42.44% respectively.

Larsen & Toubro’s (L&T) construction arm -- L&T Construction has won orders worth Rs 2,357 crore. The company’s Water and Effluent Treatment and Transportation Infrastructure Business have secured order worth Rs 1,281. A Design & Build order has been received from the Andhra Pradesh Capital Region Development Authority (AP CRDA) for -'investigation, design and construction of roads, bridges, storm water drains, culverts, water supply systems, sewerage systems, STP, utility ducts for power and ICT, reuse waterlines and avenue plantation, compatible with trunk infrastructure in layouts for land pooling schemes for the villages of Kurugalla, Nidamarru in Zone 12A area at Amravati Capital City, Andhra Pradesh. This is in continuation with orders received earlier at Amravati Capital City, Andhra Pradesh.

The company’s Water and Effluent Treatment Business has secured order worth Rs 1,076 crore. Two turnkey orders have been secured from the Madhya Pradesh Jal Nigam Maryadit (MPJNM) for the execution of multi village rural water supply schemes in Jabalpur, Narsinghpur, Seoni and Damoh districts of Madhya Pradesh.

The scope of work includes design, engineering, supply and erection of raw and clear water transmission and distribution pipelines, construction of intake wells, design and construction of water treatment plants, pumping stations and other water retaining structures with associated electromechanical and instrumentation works, including house service connections.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

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