L&T gains as its construction arm bags contract for design, construction of major airport

18 Feb 2019

Larsen & Toubro is currently trading at Rs. 1252.00, up by 8.75 points or 0.70% from its previous closing of Rs. 1243.25 on the BSE.

The scrip opened at Rs. 1243.25 and has touched a high and low of Rs. 1258.55 and Rs. 1243.25 respectively. So far 20666 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1459.10 on 21-Dec-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. 1264.05 and Rs. 1202.30 respectively. The current market cap of the company is Rs. 174381.30 crore.

The Institutions and Non-Institutions holding in the company stood at 58.16 % and 41.84 % respectively.

Larsen & Toubro’s (L&T) construction arm -- L&T Construction has secured a mega contract for design and construction of a major airport. The Engineering, Procurement and Construction orders have been secured to execute development works of a major airport.

The scope of work includes design, engineering, procurement and construction of Passenger Terminal Building, a new runway, rehabilitation of a runway, taxiways and aprons, a new elevated eastern cross taxiway, landside roads, utility infrastructure, drainage and modifications for the existing Terminal.

The project involves baggage handling systems, passenger boarding bridges, airport security systems, visual docking guidance systems, vertical horizontal transportation, airfield ground lighting, mechanical, electrical and plumbing works. This will increase the existing capacity to 40 Million Passenger Per Annum (40MPPA).

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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