L&T strengthens on bagging order worth $99.7 million from Vietnam Border Guard

Larsen & Toubro is currently trading at Rs 1487.95, up by 16.60 points or 1.13% from its previous closing of Rs 1471.35 on the BSE.

The scrip opened at Rs. 1484.10 and has touched a high and low of Rs. 1489.45 and Rs. 1478.35 respectively. So far 37518 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1615.00 on 27-Jul-2016 and a 52 week low of Rs. 1016.60 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1498.45 and Rs. 1465.00 respectively. The current market cap of the company is Rs. 138507.57 crore.

The Institutions and Non-Institutions held 56.49% and 43.51% stake respectively in the company.

Larsen & Toubro (L$T) has signed the principle contract with Vietnam Border Guard valued at $99.7 million for design and construction of high speed patrol vessels in India as well as for transfer of design and technology along with supply of equipment and material kits for construction of follow-on vessels at a Vietnam shipyard.

The high-speed patrol vessels are purpose-built for controlling and protecting sea security and sovereignty, detecting illegal activities such as smuggling, and undertaking search and rescue missions. Constructed of Aluminium alloy, the vessels are about 35 metres long and can clock a speed of 35 knots with state-of-the-art navigation and surveillance equipment and self-defence capabilities on board.

Larsen & Toubro is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.