Larsen & Toubro is currently trading at Rs. 1066.70, up by 8.50 points or 0.72% from its previous closing of Rs. 1058.20 on the BSE.
The scrip opened at Rs. 1070.00 and has touched a high and low of Rs. 1074.10 and Rs. 1060.00 respectively. So far 97,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1152.40 on 09-Dec-2013 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. 1140.10 and Rs. 1044.15 respectively. The current market cap of the company is Rs. 98,714 crore.
The Institutions and Non-Institutions held 52.61% and 44.43% respectively.
Larsen & Toubro’s (L&T) subsidiary - L&T Shipbuilding - has bagged orders, valued at $154 million, for six specialized commercial vessels, in the third quarter of 2013-2014. The orders from Halul Offshore Services Company WLL, Qatar, are for design, construction, trials and commissioning of four Platform Supply Vessels (PSVs) and 2 Anchor Handling Towing, Supply and Standby Vessels (AHTSSVs) with 150 MT bollard pull. Secured at a time, when the export order book position of many Indian Shipyards is not so good, the orders reaffirm the customer's confidence in L&T's capabilities for building high end offshore support vessels.
The ships' design, to be optimized using modern tools including CFD, complies with the latest Marine Environmental and Crew Accommodation Regulations. The PSVs are designed for carriage of hazardous cargo like Methanol. The ships will be equipped with Dynamic Positioning (0P2) capability and will be suitable for fire-fighting, emergency response, rescue a standby, offshore supply, oil recovery and related duties. The PSVs will be provided with Diesel-Electric propulsion and AHTSSVs will be provided with advanced Diesel-Hybrid propulsion. The PSVs are to be delivered in the first quarter of 2015 and AHTSSVs in the last quarter of 2015. These orders are in addition to the order received Last year from Halul Offshore Services Company for 2 PSVs and 2 AHTSSVs.
Larsen & Toubro is a $14 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. Its products and systems are marketed in over 30 countries worldwide.