L&T soars as its arm bags orders from clients across varied states in India

07 Mar 2019

Larsen & Toubro is currently trading at Rs. 1343.30, up by 28.35 points or 2.16% from its previous closing of Rs. 1314.95 on the BSE.

The scrip opened at Rs. 1316.00 and has touched a high and low of Rs. 1345.50 and Rs. 1310.40 respectively. So far 74465 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. 1345.50 and Rs. 1276.35 respectively. The current market cap of the company is Rs. 186359.71 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 has secured orders from clients across varied states in India. The company has secured projects in range of Rs 2500 crore to Rs 5000 crore. The company’s Buildings and Factories Business has secured an order for the construction of Campus Development of IIT Hyderabad Package 3A at Kandi, in state of Telangana. The project has to be completed in 36 months. The business has secured another order from an Indian Real Estate development company for the construction of 'Asset 13 project' at Aerocity, New Delhi. The project has to be completed in 22.5 months

The company’s Metallurgical and Material Handling business has secured an order from BHEL for Ash Handling Plant (AHP) to be installed at NTPC, Patratu Thermal Power Plant (3x660 MW) located in state of Jharkhand.  The company’s GeoStructure Business has secured an order from CMRL for the Central Square underground space development. The scope includes construction of diaphragm walls and three basements.

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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