L&T moves up as its construction arm bags orders across various Indian states

Larsen & Toubro is currently trading at Rs. 1332.10, up by 6.10 points or 0.46% from its previous closing of Rs. 1326.00 on the BSE.

The scrip opened at Rs. 1326.70 and has touched a high and low of Rs. 1336.00 and Rs. 1319.80 respectively. So far 30180 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1606.70 on 28-May-2019 and a 52 week low of Rs. 1202.30 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 1339.90 and Rs. 1307.00 respectively. The current market cap of the company is Rs. 185974.53 crore.

The Institutions and Non-Institutions held 57.26% and 42.74% stake respectively in the company.

Larsen & Toubro’s (L&T) construction arm has secured orders from prestigious clients across various Indian states for its varied businesses.

The water and effluent treatment business has secured an order from the Public Health Engineering Directorate, West Bengal for water supply to Nandakumar, Chandipur, Nandigram - I & II blocks in East Medinipur district. Another order has been received from the Bangalore Water Supply and Sewerage Board (BWSSB) for supplying, laying, testing & commissioning of clear water trunk main of 54 Km with associated civil & mechanical works along the eastern route of Bangalore, Karnataka. 

Transportation infrastructure business has secured an Engineering, Procurement and Construction order from the Central Organisation for Railway Electrification (CORE) involving electrification of 1137 Track Km. Another order has been secured from the Mumbai Metro Rail Corporation (MMRCL) involving design, procurement and supply, installation, testing and commissioning of ballastless track on the mainline and ballasted track in the depot in the section between BKC station to Aarey Station (Package 10C - 40 track KM) for Mumbai Metro Line 3 project.

Buildings and factories business has secured an order for Engineering, Procurement and Construction of a 300 bedded multi-specialty hospital at Tirupathi, Andhra Pradesh. Additionally, various add-on orders have been received by some of the existing projects in the Power Transmission and Distribution (PT&D) and Heavy Civil Infrastructure (HC) businesses.

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