L&T surges as its arm bags orders worth Rs 5220 crore

28 Feb 2014

Larsen & Toubro (L&T) is currently trading at Rs. 1102.00, up by 5.45 points or 0.50% from its previous closing of Rs. 1096.55 on the BSE.

The scrip opened at Rs. 1092.00 and has touched a high and low of Rs. 1105.00 and Rs. 1085.00 respectively. So far 74022 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. 1105.00 and Rs. 1017.00 respectively. The current market cap of the company is Rs. 102386.77 crore.

The Institutions and Non-Institutions held 54.46% and 42.69% stake in the company, respectively.

Larsen & Toubro’s (L&T) subsidiary -- L&T Construction – has won new orders worth Rs 5220 crore across various business segments in January and February 2014. In the Water & Renewable Energy business, the company has bagged new orders worth Rs 2019 crore. A major turnkey order was secured from Narmada Water Resource Water Supply & Kalpsar Department, Government of Gujarat for Saurashtra Narmada Avtaran Irrigation Yojana. In the Buildings & Factories Business, the company has bagged new orders worth Rs 1461 crore. A major order is from West Bengal Medical Services Corporation for planning, design and construction of health care hospitals along with supply of medical equipment in the state of West Bengal on turnkey basis.

The company’s Power Transmission & Distribution Business has bagged new orders worth Rs 1001 crore. A major international order has been bagged by L&T Saudi Arabia LLC, a fully owned subsidiary of Larsen & Toubro from National Grid, Saudi Arabia (a subsidiary of Saudi Electricity Company) for construction of 161 kms of 110kV Double Circuit transmission line in Western Region of Saudi Arabia. This order was secured against a stiff international competition.

In Heavy Civil Infrastructure Business, the company has received new orders worth Rs 739 crore. A major EPC order have been received from National Highways Authority of India for construction of a new four lane extra dosed heavy bridge across the river Narmada and six laning of a portion of Vadadora-Surat section of NH-8 in Gujarat.


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