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L&T surges after its construction arm secures contract for Railways Strategic Business Group

16 Jan 2024 Evaluate

Larsen & Toubro is currently trading at Rs. 3570.65, up by 28.15 points or 0.79% from its previous closing of Rs. 3542.50 on the BSE.

The scrip opened at Rs. 3544.15 and has touched a high and low of Rs. 3588.00 and Rs. 3538.65 respectively. So far 29058 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3605.55 on 15-Jan-2024 and a 52 week low of Rs. 2073.85 on 31-Jan-2023.

Last one week high and low of the scrip stood at Rs. 3605.55 and Rs. 3494.85 respectively. The current market cap of the company is Rs. 491462.88 crore.

The Institutions and Non-Institutions held 63.06% and 36.94%, stake in the company respectively.

Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured a Mega Contract for its Railways Strategic Business Group from an authorised Japanese agency to construct 508 Route Km of High-Speed Electrification System Works (Package No: EW 1) for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project, popularly referred to as the Bullet Train Project.

The scope of this package includes Design, Manufacture, Supply, Construction, Installation, Testing and Commissioning of 2 x 25 kV Power Supply Electrification System including Traction Substations, High Speed Overhead Equipment and MV/LV Power Distribution Equipment Works on Design-Build Lump Sum Price basis. It is a first of its kind railway electrification project for India involving the implementation of Japanese Shinkansen High Speed Electrification Technology with sophisticated equipment including Heavy Compound Catenary System, Change Over Switches etc. Upon completion, this electrification system will enable trains to travel at speeds of up to 320 KMPH. 

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

Larsen & Toubro Share Price

4094.95 -22.40 (-0.54%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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