Larsen & Toubro climbs higher on the bourses

01 Mar 2013

Larsen & Toubro is currently trading at Rs. 1401.60, up by 35.80 points or 2.62% from its previous closing of Rs. 1365.80 on the BSE.

The scrip opened at Rs. 1370.00 and has touched a high and low of Rs. 1409.40 and Rs. 1369.95 respectively. So far 2, 28,000 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. 1446.95 and Rs. 1352.00 respectively. The current market cap of the company is Rs. 86,187 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 valued over Rs 1,504 crore across various business segments in February 2013. The company’s Water and Solution business has bagged new orders both in domestic and international markets. The company’s Water and Effluent Treatment Business has won orders valued Rs 621 crore. Under the design, build, and operate (DBO) model, L&T construction will construct a sewerage network and waste water treatment facility for Bhatpara Municipal Town- a project of the Kolkata Metropolitan development Authority.

Solar business unit of the company, the largest player in solar project in India has won new EPC orders worth Rs 413 crore from Kiran Energy for the construction of Solar PV plants in Tamil Nadu. Meanwhile, the company’s Power Transmission & Distribution business has secured order worth Rs 265 crore from Tamil Nadu Generation & Distribution Corporation (TANGEDCO) for power distribution work across various districts in Tamil Nadu.

Further, the company’s Heavy Civil Business has bagged various additional orders worth Rs 205 crore from ongoing projects.

Related Larsen & Toubro Ltd. Links:

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