L&T gains as its construction arm secures orders in India, abroad

11 Feb 2020 Evaluate

Larsen & Toubro is currently trading at Rs. 1291.80, up by 6.45 points or 0.50% from its previous closing of Rs. 1285.35 on the BSE.

The scrip opened at Rs. 1289.00 and has touched a high and low of Rs. 1299.00 and Rs. 1289.00 respectively. So far 52961 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. 1325.00 and Rs. 1273.45 respectively. The current market cap of the company is Rs. 181307.45 crore.

The Institutions and Non-Institutions held 56.49% and 43.51% stake respectively in the company.

Larsen & Toubro’s (L&T) construction arm has been awarded orders from prestigious clients in India and abroad for its Power Transmission and Distribution Business.In the Philippines, the business has won an order to construct a 500kV Substation, in association with a prominent local player that will cater to the growing demand for electricity in the metropolitan area of Manila. In the Kingdom of Saudi Arabia, orders to construct a 380kV Substation with an associated 230kV cable network and establish 380kV and 230kV Transmission Line corridors have been bagged. Another order to construct EHV Overhead Lines has been received from a reputed customer in the Middle East.

On the domestic front, the business has won an order in Gujarat to construct a 765kV Double Circuit Transmission Line that will help transmit power from renewable energy sources. Another order has been secured to build a 20MW floater solar power project at a reservoir of NTPC's Auraiya Gas Power Plant in Uttar Pradesh. Additional orders have been received from ongoing substation jobs in India.

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

Larsen & Toubro Share Price

3774.10 68.00 (1.83%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3774.10
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KEC International 694.00
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