L&T soars as its construction arm secures contracts for Transportation Infrastructure business

19 Nov 2020 Evaluate

Larsen & Toubro is currently trading at Rs. 1165.00, up by 17.25 points or 1.50% from its previous closing of Rs. 1147.75 on the BSE.

The scrip opened at Rs. 1128.85 and has touched a high and low of Rs. 1176.75 and Rs. 1115.60 respectively. So far 149699 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1417.50 on 21-Nov-2019 and a 52 week low of Rs. 661.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1176.75 and Rs. 1038.60 respectively. The current market cap of the company is Rs. 163048.24 crore.

The Institutions holding in the company stood at 53.94% and Non-Institutions held 46.06%.

Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured another mega contract for its Transportation Infrastructure business from the National High-Speed Rail Corporation (NHSRCL) to construct 87.569 km of the Mumbai-Ahmedabad High Speed Rail (MAHSR) project, popularly referred as the Bullet Train project.

This order to construct the C6 Package of MAHSR comes on the heels of the earlier one for the C4 Package of the project, the biggest EPC contract awarded in the country to date, involving the construction of a 237.1 km stretch. The scope of the MAHSR – C6 package includes the construction of viaducts, one station, major river bridges, maintenance depots, and other auxiliary works. This particular package represents 17.2% of the total length, running elevated from the outskirts of Vadodara to the outskirts of Ahmedabad in the State of Gujarat with one station at Anand / Nadiad.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Larsen & Toubro Share Price

3439.80 -24.45 (-0.71%)
21-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3439.80
Rail Vikas Nigam 341.70
KEC International 796.35
Kalpataru Projects 1237.60
NCC 288.00
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