Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs 1625.60, up by 16.35 points or 1.02% from its previous closing of Rs 1609.25 on the BSE.

The scrip opened at Rs 1621.30 and has touched a high and low of Rs 1629.95 and Rs 1617.40 respectively. So far 40218 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. 729.60 on 06-Sep-2013.

Last one week high and low of the scrip stood at Rs 1620.90 and Rs 1535.00 respectively. The current market cap of the company is Rs 150652.16 crore.

The Institutions and Non-Institutions held 56.18 % and 41.49 % respectively.

L&T Hydrocarbon Engineering (LTHE), a fully-owned subsidiary of Larsen a Toubro (L&T) has secured new orders in the offshore and onshore segments worth Rs 1,920 crore from domestic oil and gas majors.

An offshore contract valued at Rs 1,340 crore from the Oil and Natural Gas Corporation (ONGC), won against international competitive bidding, includes engineering, procurement, construction and installation of five wellhead platforms at the Mumbai High North field of ONGC. The project, part of ONGC’s strategy to re-develop Phase-III of Mumbai High North field to enhance production from existing reservoirs, is scheduled to be completed by March, 2016.

In the onshore segment LTHE has secured a contract valued at around Rs 580 crore from a leading company engaged in hydrocarbon downstream processing. LTHE will carry out engineering, procurement and construction of a dual service cryogenic storage tank facility, suitable for liquid ethane and liquefied natural gas and engineering work for the balance of the facilities to be installed at the client’s manufacturing complex.