L&T surges as its arm bags new orders worth Rs 1009 crore across various business segments

31 Mar 2014

Larsen & Toubro is currently trading at Rs. 1298.70, up by 10.40 points or 0.81 % from its previous closing of Rs. 1288.30 on the BSE.

The scrip opened at Rs. 1290.00 and has touched a high and low of Rs. 1301.00 and Rs. 1288.00 respectively. So far 44202 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1295.00 on 27-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. 1295.00 and Rs. 1212.35 respectively. The current market cap of the company is Rs. 119414.16 crore.

The promoters holding in the company stood at NA % while Institutions and Non-Institutions held 54.46 % and 42.69 % respectively.

Larsen & Toubro’s (L&T) subsidiary -- L&T Construction – has won new orders worth Rs 1009 crore across various business segments in March 2014. The Buildings & Factories Business has received new design & build orders worth Rs 573 crore. The orders are from a leading real estate company for the construction of mixed use development in Lucknow and the construction of a community center in Bangalore. The scope involves civil, finishes, mechanical, electrical, plumbing, finishes and other associated works. Additional orders have also been received from an ongoing job in Hyderabad for the work of transit oriented development.

The Transportation Infrastructure Business has won a new order worth Rs 316 crore from a road developer for design, engineering and construction of an elevated road between Jinzira Bazaar and Batanagar on the Budge Budge trunk road in Kolkata. The flyover will take off at Jinzira Bazaar, about 3km west of the Taratala crossing, and terminate at Batanagar. The two-lane flyover will run above the Budge Budge Trunk Road.

Further, the Power Transmission & Distribution Business has bagged an order worth Rs 120 crore from Odisha Power Transmission Corporation for engineering, supply, erection and commissioning of 33/11 kV Sub-Stations and associated lines for the Odisha Distribution System Strengthening Project.


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