L&T surges with arm securing orders from Bangalore Metro Rail

06 Mar 2019

Larsen & Toubro is currently trading at Rs. 1321.45, up by 14.80 points or 1.13% from its previous closing of Rs. 1306.65 on the BSE.

The scrip opened at Rs. 1307.00 and has touched a high and low of Rs. 1326.40 and Rs. 1307.00 respectively. So far 22156 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. 1326.40 and Rs. 1274.95 respectively. The current market cap of the company is Rs. 183273.94 crore.

The Institutions holding in the company stood at 58.16%, while Non-Institutions held 41.84% stake in the company.

Larsen & Toubro’s (L&T) arm - L&T Construction’s Heavy Civil Infrastructure Business has secured orders from Bangalore Metro Rail Corporation for the design and construction of the Phase - 2 works in range of Rs 2500 crore to Rs 5000 crore. The project is to be completed in 42 months.

The scope for Package No. 2 includes under-ground structures (tunnels and stations) 2.76 Km (approximately) long from Vellara Junction station to Shivajinagar station and three UG Metro Stations at Vellara Junction, M. G. Road and Shivajinagar on the Reach-6 line.

Package no. 3 involves design and construction of under-ground structures (tunnels and stations) 2.884 Km (approximately) long from Shivajinagar Station to Tannery Road Station and two UG Metro Stations at Cantonment and Pottery Town on the same metro rail line.

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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Larsen & Toubro Share Price

1348.65 8.80 (0.66%) May 07, 12:39
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