Larsen & Toubro Ltd.

Larsen & Toubro (L&T) is currently trading at Rs. 1714.80, up by 13.20 points or 0.78 % from its previous closing of Rs. 1701.60 on the BSE.

The scrip opened at Rs. 1707.40 and has touched a high and low of Rs. 1719.00 and Rs. 1707.40 respectively. So far 43334 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1774.70 on 09-Jun-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. 1715.00 and Rs. 1645.00 respectively. The current market cap of the company is Rs. 159097.71 crore.

The Institutions holding in the company stood at 55.07 % while Non-Institutions held 42.25% of the stake.

Larsen and Toubro (L&T)’s subsidiary, L&T Construction’s Power Transmission & Distribution business has secured a major contract worth Rs 2442 crore from Bharat Sanchar Nigam, the project implementation agency for the Ministry of Defence.

The contract is for supply, trenching, laying, installation, testing and commissioning of Optical Fiber Cable (OFC) Network which will establish exclusive optical national long distance backbone and optical access routes for the defence network. The scope largely covers OFC routes in central and southern India.

The project will be handled on a turnkey basis, intended for rollout of a nationwide OFC network which will be owned and operated by the Defence Services. This mega network will be deployed with state-of-the-art fibre optic cable technology which will form the backbone of optical highway infrastructure and serve as a highly resilient and reliable communication media for the defence sector.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector