L&T surges as its arm secures orders valued Rs 2,080 crore

21 Mar 2013

L&T is currently trading at Rs. 1448.05, up by 10.55 points or 0.73% from its previous closing of Rs. 1437.50 on the BSE.

The scrip opened at Rs. 1441.05 and has touched a high and low of Rs. 1455.00 and Rs. 1420.00 respectively. So far 1, 07,000 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. 1531.30 and Rs. 1413.00 respectively. The current market cap of the company is Rs. 89,110 crore.

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

L&T Construction has won new orders valued over Rs. 2080 crore across various business segments in February and March 2013. The Power Transmission and Distribution business, the company has won new orders aggregating to Rs 585 crore from various customers. A major order was secured from Bangalore Metrorail Corporation(BMRC) for electrical and mechanical work for seven underground stations and associated tunnels sections of North-South and East-West corridors of BMRC Phase-I.

For the Power Grid Corporation of India, L&T will construct 400kv double circuit (Quad) transmission line between Kuruksetra - Jallandhar and a 400 kv double circuit (Triple) transmission line for Abdullapur - Sonepat at Kuruksetra associated with WR- NR HVDC interconnector.

L&T Construction also received a news order from Transmission Corporation of Andhra Pradesh for 220 KV underground cable laying between Malkaram & Ghanapur substation to Moulali substation in Andhra Pradesh.

The building & factories business, has bagged news orders worth Rs 1385 crore for the construction of residential towers in cities in North India. Additional orders worth Rs110 crore have been bagged from various ongoing jobs in the water & Solar and Infrastructure Business.

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