L&T rises as arm wins Water Project Orders valued at Rs 1,141 crore

02 Sep 2013

L&T is currently trading at Rs. 726.65, up by 4.40 points or 0.61% from its previous closing of Rs. 722.25 on the BSE.

The scrip opened at Rs. 730.00 and has touched a high and low of Rs. 730.50 and Rs. 724.10 respectively. So far 1,04,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1146.91 on 29-Oct-2012 and a 52 week low of Rs. 678.10 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 759.75 and Rs. 678.10 respectively. The current market cap of the company is Rs. 67,232.00 crore.

The Institutions and Non-Institutions held 53.07% and 43.78% respectively.

The Water & Renewable Energy Business of L&T Construction, a leading player in the water infrastructure and renewable energy sectors in India, and arm of Larsen & Toubro (L&T) has secured new orders worth Rs 1,141 crore in August 2013 in various business segments. The Water Supply & Distribution Business has secured an order from the Public Health Engineering Department, Rajasthan for an integrated drinking water supply project linking towns and villages in Rajasthan. The scope includes supply and laying of transmission pipelines, construction of clear water reservoirs and pumping stations.

Another turnkey order was received from the Public Health Engineering Department, West Bengal for the design, construction and commissioning of a 52 MGD water treatment plant. The company also strengthened its position in Tamil Nadu by securing a water supply project for Cuddalore Municipality from the Tamil Nadu Water Supply & Drainage Board.

Besides, in the Waste Water Business, orders have been secured from Delhi Jal Board for the supply and laying of internal and peripheral sewer lines in various parts of Delhi. The Industrial Water Systems Business has also received a turnkey EPC order from an infrastructure provider for constructing plant water systems for an upcoming project near Raichur, Karnataka.

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