L&T rises as its arm bags order worth $1403 million

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

29 Jul 2013 Evaluate

Larsen & Toubro (L&T) is currently trading at Rs. 847.65, up by 2.00 points or 0.24% from its previous closing of Rs. 845.65 on the BSE.

The scrip opened at Rs. 845.00 and has touched a high and low of Rs. 860.45 and Rs. 836.00 respectively. So far 210781 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1146.33 on 29-Oct-2012 and a 52 week low of Rs. 843.25 on 26-Jul-2013.

Last one week high and low of the scrip stood at Rs. 988.00 and Rs. 843.25 respectively. The current market cap of the company is Rs. 77860.32 crore.

The institutions and non-institutions held 52.81% and 44.04% stake in the company, respectively.

Larsen & Toubro's (L&T) subsidiary L&T Construction’s Heavy Civil Infrastructure Business has secured an order worth $1403 million from the ArRiyadh Development Authority, Kingdom of Saudi Arabia for the design, construction and commissioning of a metro project in Riyadh, Saudi Arabia.

The company has secured the order as a joint venture partner of ArRiyadh New Mobility Consortium. The total value of order is $5941.93 million. The consortium comprises Larsen Et Toubro, Ansaldo STS, Italy, Bombardier Transportation, UK, Impregito S.p.A, Italy and Nesma Et Partners- Saudi Arabia.

The project is to be implemented during a period of four years, which will be preceded by eight months to prepare the detailed designs and to carry out the enabling works, the coordination for utilities diversion and the site preparation works, and followed by months for system demonstration, trial runs and project handing over. The scope involves design, construction and commissioning of Line 3 (41 km of Driverless Train Operation) to carry approximately 5000 passengers per hour per direction.

The contract includes construction of bridges, tunnels, elevated a underground stations, depots, roads, systems for CCTV and public announcements, SCADA with allied systems, etc. This project would be the first of its kind in the Kingdom.

The rail systems will be undertaken by AnsaLdo STS and rolling stock by Bombardier Transportation. The entire infrastructure facilities together with electromechanical and plumbing systems will be executed by the integrated joint venture comprising AT, Innpregilo and Nesma.

The Consortium’s design engineering will be by Hyder an Idom and the Project Management will be done by Worley Parsons. This order was won against stiff global competition. It aligns well with L&T’s expansion plans in the international arena.

Larsen & Toubro Share Price

3917.10 -56.50 (-1.42%)

11-May-2026 11:38 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	3917.10
Rail Vikas Nigam	298.70
NCC	167.25
KEC International	587.50
Kalpataru Projects	1264.85
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