L&T surges on bagging contract for manufacture of cryostat

13 Sep 2012

Larsen and Toubro (L&T) is currently trading at Rs. 1421.25, up by 12.75 points or 0.91% from its previous closing of Rs. 1408.50 on the BSE.

The scrip opened at Rs. 1413.00 and has touched a high and low of Rs. 1427.50 and Rs. 1413.00 respectively. So far 90159 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1640.65 on 14-Sep-2011 and a 52 week low of Rs. 971.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 1427.50 and Rs. 1335.35 respectively. The current market cap of the company is Rs. 87480.29 crore.

The Institutions and Non-Institutions held 52.48% and 44.33% stake in the company, respectively.   

L&T’s Heavy Engineering Division has bagged order for manufacture and installation of ITER’s Cryostat for the world’s largest experimental Thermo-nuclear fusion reactor, coming up in Cadarache, south of France.

L&T’s scope includes detailed engineering, procurement, manufacture and installation of the Cryostat. This large value order will be executed over a period of 8 years.

Recently, Larsen and Toubro Construction (L&T Construction), wholly owned subsidiary of Larsen and Toubro (L&T) won new orders valued over Rs 1,063 crore across various business segments during the month of August 2012.

Related Larsen & Toubro Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323