L&T is currently trading at Rs. 1274.90, up by 26.50 points or 2.12% from its previous closing of Rs. 1248.40 on the BSE.
The scrip opened at Rs. 1251.00 and has touched a high and low of Rs. 1278.00 and Rs. 1251.00 respectively. So far 376926 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1278.00 on 26-Mar-2014 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. 1254.00 and Rs. 1211.10 respectively. The current market cap of the company is Rs. 117912.56 crore.
The Institutions and Non-Institutions held 54.46% and 42.69% respectively.
The Transportation Infrastructure Business of L&T Construction has secured a major prestigious international order worth Rs 3655 crore (2,187 billion Qatari riyal) from ASHGHAL (Public Works Authority), State of Qatar for design and construction of Al Wakrah Bypass Road (P015).
The scope of work involves construction of 11 Km road consisting of 10 lanes and four future lane sections with additional collectors/distributor roads, frontage roads and ramps. The freeway will provide access to the existing and planned developments via five major interchanges comprising of 20 bridges, 13 bicycle overpasses, 8 vehicular underpasses, 3 pedestrian bridges and 736 m long and 32 m wide vehicular tunnel works.
State of the art road furniture and other related utility works for potable water, treated sewer effluent, drainage, electrical, intelligent transportation system, irrigation and landscaping are also part of the scope. The project is scheduled to be completed in 32 months.
Al Wakrah Bypass is a major South - North freeway connecting the existing Al Wakrah - Mesaieed Road. This new freeway will be a continuation of an existing major urban North - South high speed corridor of Doha Expressway. At its southern end, the proposed Bypass will intersect with the existing Al Wakrah - Mesaieed Road and it branches into two directions to the planned Doha Sea Port to the south and the Mesaieed Industrial area to the West.
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.