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L&T surges on securing additional defence order worth Rs 447 crore

Larsen & Toubro Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 500510 | NSE: LT

23 Jan 2013 Evaluate

L&T is currently trading at Rs. 1562.00, up by 9.90 points or 0.64% from its previous closing of Rs. 1552.30 on the BSE.

The scrip opened at Rs. 1555.00 and has touched a high and low of Rs. 1569.50 and Rs. 1554.00 respectively. So far 65,000 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. 1106.40 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1575.00 and Rs. 1522.20 respectively. The current market cap of the company is Rs. 96,063 crore.

The Institutions and Non-Institutions held 53.49% and 43.11% respectively.

Larsen & Toubro (L&T), India’s leading engineering, manufacturing & construction major has received an order valued at Rs 447 crore from the Ministry of Defence for the construction of 18 High Speed Interceptor Boats for the Indian Coast Guard. This follows the earlier contract, valued at Rs 977 crore for 36 similar vessels.

With this order, L&T is positioned as the foremost Indian shipyard in terms of capability to indigenously design and construct the largest number of Interceptor Boats for India’s Ministry of Defence. Designed and constructed by L&T entirely through in-house capability, the first of these boats has already been delivered to Indian Coast Guard.

The Interceptor Boat is a ‘planing craft’, capable of achieving speeds exceeding 40 Knots. Built with a full aluminium-alloy light-weight hull, it is powered by a twin water-jet propulsion system to enable quick response - crucial for coastal surveillance. These boats are expected to significantly enhance India’s coastal security.

Larsen & Toubro Share Price

4094.95 -22.40 (-0.54%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	4094.95
Rail Vikas Nigam	303.10
NCC	161.30
KEC International	580.10
Kalpataru Projects	1232.90
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L&T surges on securing additional defence order worth Rs 447 crore

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