Larsen & Toubro rises as its arm secures order from ArcelorMittal Nippon Steel India

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

07 Dec 2022 Evaluate

Larsen & Toubro is currently trading at Rs. 2134.00, up by 40.15 points or 1.92% from its previous closing of Rs. 2093.85 on the BSE.

The scrip opened at Rs. 2084.05 and has touched a high and low of Rs. 2139.70 and Rs. 2084.05 respectively. So far 71897 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2109.55 on 01-Dec-2022 and a 52 week low of Rs. 1456.80 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 2109.55 and Rs. 2045.50 respectively. The current market cap of the company is Rs. 297382.08 crore.

The Institutions holding in the company stood at 62.84%, while Non-Institutions held 37.17% stake in the company.

Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured various orders for its Minerals & Metals (M&M) Business in the Iron & Steel and Beneficiation sectors from ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between the two global steel giants – to carry-out their expansion plans in Gujarat and Odisha.

The order is for Installation of two blast furnaces of 3.5 MTPA capacity each on an EPC basis at their Hazira Plant in Gujarat. The scope inter alia includes associated supplies, construction, installation of both units – Blast Furnaces 2 and 3 concurrently in a phased completion. In the same complex, M&M will carry out the installation of a Steel Melt Shop of 6 MTPA capacity with detailed design and engineering for the entire plant, supply of identified items and complete construction. The scope includes plant layout, installation of steel making facility, Secondary Metallurgy, and Slab Casting units concurrently within the agreed schedule. Building a 6 MTPA Ore Beneficiation Plant at Sagasahi in Odisha on an EPC basis.

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

Larsen & Toubro Share Price

4026.80 -33.55 (-0.83%)

03-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	4026.80
Kalpataru Projects	1382.95
Rail Vikas Nigam	235.00
NCC	149.50
KEC International	510.80
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