L&T inches up as its arm bags orders worth Rs 1,401 crore in various business segments

01 Feb 2013

L&T is currently trading at Rs. 1544.00, up by 1.10 points or 0.07% from its previous closing of Rs. 1542.90 on the BSE.

The scrip opened at Rs. 1546.05 and has touched a high and low of Rs. 1556.35 and Rs. 1542.10 respectively. So far 58,000 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. 1614.60 and Rs. 1539.20 respectively. The current market cap of the company is Rs. 94,944 crore.

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

L&T Construction, the wholly owned subsidiary of Larsen and Toubro (L&T) has secured new orders totaling over Rs 1,401 crore in various business segments spread across India and overseas in January 2013.

The Power Transmission and Distribution business has bagged orders worth Rs 605 crore from domestic and international clients, including a major EPC order from Power Grid Corporation of India for the extension of 765 kV substations at Dharamjayagarh, Jabalpur, Bina, Indore and Aurangabad. The order also involves expansion of 400 kV substations at Dharamjayagarh, Bachau, Boisar and Varsana.

L&T Construction has received another order for extending the 765 kV sub-station at Meerut, Jhatikara, Balia and the 400 kV substations at Dehradun, Kota and Kanpur. On the international front, the company has bagged a new order for design and construction of special airport systems at Middle East from a reputed customer.

In the Transportation Infrastructure business, the company received Rs 320 crore order for construction of runway, taxiway, apron, passenger terminal building, Air Traffic Control tower and other associated civil works at Sindhudurg in Maharashtra.

The Defence Segment of L&T Construction has won a contract for Rs 476 crore for designing and constructing infrastructure facilities at an airbase in Uttar Pradesh. The scope of works include construction of ramp, aircraft maintenance unit, engine storage warehouse, AGE/ Vehicle maintenance facilities and other works like site roads, utilities and parking at Ghaziabad

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