L&T edges higher on subsidiary bagging orders worth Rs 1063 crore in October

01 Nov 2012

Larsen & Toubro (L&T) is currently trading at Rs 1638.05, up by 13.30 points or 0.82% from its previous closing of Rs 1624.75 on the BSE.

The scrip opened at Rs 1630.00 and has touched a high and low of Rs 1643.15 and Rs 1620.00 respectively. So far 137249 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1719.50 on 29-Oct-2012 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 1719.50 and Rs 1611.00 respectively. The current market cap of the company is Rs 100570.80 crore.

The Institutions holding in the company stood at 53.24 % and Non-Institutions held 43.55% of the stake.

Larsen and Toubro Construction (L&T Construction), the wholly owned subsidiary of Larsen and Toubro (L&T) has bagged orders worth Rs 1063 crore across various business segments in October 2012.

In Building and Factories Independent Company (IC), the company has secured order worth Rs 323 crore for construction of an IT campus in Pune. In water and effluent treatment business unit, the company has won orders worth Rs 371 crore.

Further, the company, under Power and Transmission & Distribution IC has bagged orders valued at Rs 109 crore for construction of a 765/400kv switchyard package in Uttar Pradesh. The company has also grabbed order worth Rs 158 crore from Rail Vikas Nigam (RVNL) under its Infrastructure IC.

Furthermore, the company has bagged additional order worth Rs 102 crore from various ongoing projects.

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