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L&T zooms after its minerals & metals vertical secures order in MENA region

04 Feb 2025 Evaluate

Larsen & Toubro is currently trading at Rs. 3400.50, up by 113.25 points or 3.45% from its previous closing of Rs. 3287.25 on the BSE.

The scrip opened at Rs. 3319.95 and has touched a high and low of Rs. 3413.00 and Rs. 3311.75 respectively. So far 45932 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3963.00 on 10-Dec-2024 and a 52 week low of Rs. 3175.50 on 05-Jun-2024.

Last one week high and low of the scrip stood at Rs. 3628.80 and Rs. 3270.20 respectively. The current market cap of the company is Rs. 469058.45 crore.

The Institutions and Non-Institutions held 62.66% and 37.35%, stake in the company respectively.

Larsen & Toubro’s (L&T) minerals & metals business vertical has secured an order from a client in the Middle East & North Africa (MENA) region, to set up a pellet plant and a direct reduction of iron (DRI) plant. The estimated project cost is between range of Rs 5000 crore to Rs 10000 crore. These pertains to a major order secured earlier from the client, a leading steel producer in MENA, and are part of the global initiative towards decarbonization.

The scope of work includes design-build Pellet and DRI plants encompassing engineering, supply, erection and construction works based on globally acclaimed technologies. L&T has been involved in many landmark iron and steel manufacturing plants globally, and these new projects reaffirm its expertise in delivering design-build steel plants.

L&T’s minerals & metals vertical offers world-class end-to-end solutions in EPC domain across sectors such as mining, minerals processing, industrial products and metallurgical plants. Its product business provides cost-effective end-to-end solutions for industries such as mining, cement, construction, steel, fertilizers and ports.

Larsen & Toubro 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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