L&T inches up as its arm bags orders worth Rs 1,333 crore

22 Oct 2013

Larsen & Toubro (L&T) is currently trading at Rs. 925.60, up by 0.45 points or 0.05% from its previous closing of Rs. 925.15 on the BSE.

The scrip opened at Rs. 921.30 and has touched a high and low of Rs. 935.05 and Rs. 916.25 respectively. So far 156867 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. 678.10 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 935.05 and Rs. 828.00 respectively. The current market cap of the company is Rs. 85337.26 crore.

The institutions and non-institutions held 52.61% and 44.43% stake in the company, respectively.

Larsen & Toubro’s (L&T) subsidiary -- L&T Construction -- has won new orders worth Rs 1,333 crore across various business segments. In Water & Renewable Energy Business, orders valued at Rs 1,095 crore have been received from various customers. The Waste Water Business has secured a major turnkey order from the Gujarat Water Supply and Sewerage Board for construction of underground drainage system in nine towns of Jamnagar and Porbandar districts of Gujarat.

Besides, a repeat order has been received from Naya Raipur Development Authority for construction of underground storm water pipelines, water supply network and other associated works at Naya Raipur. Another turnkey order has been received from Kolkata Metropolitan Water and Sanitation Authority under the National Ganga River Basin Authority (NGRBA) for design and construction of sewerage networks and sewage treatment plant at Gayeshpur town, West  Bengal.

Further, the Renewable Energy Business has bagged a turnkey order from an esteemed developer for design and construction of a 25 MW wind power plant in Tamil Nadu. In the Buildings & Factories Business, new orders worth Rs 238 crore have been secured from HLL Lifecare for expansion and modernization of an old hospital and institute building at JIPMER, Puducherry.

 

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