L&T gains as its construction arm secures orders for various businesses

Larsen & Toubro is currently trading at Rs. 2225.70, up by 17.35 points or 0.79% from its previous closing of Rs. 2208.35 on the BSE.

The scrip opened at Rs. 2213.05 and has touched a high and low of Rs. 2246.00 and Rs. 2213.05 respectively. So far 26127 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2297.30 on 20-Jan-2023 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. 2246.00 and Rs. 2132.30 respectively. The current market cap of the company is Rs. 313647.41 crore.

The Institutions and Non-Institutions held 63.28% and 36.69% stake in the company respectively.

Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured orders for its Water and Effluent Treatment and Buildings & Factories Businesses. The Water & Effluent Treatment Business of L&T Construction has secured a repeat order from the Drinking Water & Sanitation Department, Government of Jharkhand to execute a Raw WaterTransport System on turnkey basis from the proposed intake at Neghra, Rajmahal in Sahibganj district to Sundar Dam in Godda district.

The project will provide bulk raw water to villages in Sahibganj, Godda and Dumka districts of Jharkhand. The aggregate scope of work includes 209 MLD intake system, raw water main system comprising MS pipeline of 87 Km and DI pipeline of 30 Km, 6 ground level service reservoirs of 163 ML aggregate capacity and 5 pumping stations along with associated electrical, mechanical, instrumentation & automation works including operation & maintenance. The Business has executed the Sahibganj and Dhanbad water supply projects for the same customer. The order reiterates L&T’s credentials in the water supply sector and reinforces customer trust in its capability.

The Building & Factories Business of L&T Construction has won an order from a reputed developer to construct residential towers in Bengaluru. The scope of the work involves design and build of civil structure including waterproofing, masonry and plastering for 10 towers comprising two basements, ground and varying configurations of 26, 31 & 32 floors. The project is to be executed within stringent timelines.

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