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L&T gains on successfully commissioning GMR's gas based power plant at AP

14 Dec 2011 Evaluate

L&T scrip is currently trading at Rs. 1177.00, up by 5.35 points or 0.46% from its previous closing of Rs. 1171.65 on the BSE.

The scrip opened at Rs. 1166.00 and has touched a high and low of Rs. 1194.00 and Rs. 1160.50 respectively. So far 260737 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2019.60 on 15-Dec-2010 and a 52 week low of Rs. 1154.05 on 13-Dec-2011.

Last one week high and low of the scrip stood at Rs. 1329.00 and Rs. 1154.05 respectively. The current market cap of the company is Rs. 71686.78 crore.

The Institutions holding in the company stood at 52.18% and Non-Institutions held at 43.58%. 

Larsen & Toubro (L&T) has successfully commissioned a 384 MW unit of GMR's gas based power plant at Vemagiri, near Rajahmundry in Andhra Pradesh (AP). Demonstrating its integrated execution capabilities, L&T completed the project in a record time of 24 months. The steam turbine for this Unit was synchronized on December 04, 2011 and the gas turbine on August 27, 2011.

In September 2006, the company had successfully commissioned the first unit of a similar capacity at the same location. Further, work for third unit of similar capacity, in which a gas turbine is expected to be synchronized soon, is in advanced stages. The complete unit is scheduled to be commissioned in the next few months. On completion of all three units, the national grid will benefit from a total capacity of 1,200 MW gas based power plant at a single location.

This project has been executed by the Gas Based Power Projects - Strategic Business Unit of L&T Power, based in Baroda. L&T's scope included design, detailed engineering, supply, installation and commissioning of the complete power plant on a turnkey basis. The plant incorporates state-of-art advance class gas turbines from General aectric and high efficiency Steam turbines from Alstom.

Larsen & Toubro Share Price

4094.95 -22.40 (-0.54%)
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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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