Larsen & Toubro Ltd.

Larsen and Toubro (L&T) is currently trading at Rs. 1395.50, up by 5.75 points or 0.41% from its previous closing of Rs. 1389.75 on the BSE.

The scrip opened at Rs. 1385.00 and has touched a high and low of Rs. 1399.15 and Rs. 1371.00 respectively. So far 78040 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. 1431.95 and Rs. 1295.30 respectively. The current market cap of the company is Rs. 128662.12 crore.

The institutions and non-institutions held 56.92% and 43.08% stake in the company, respectively.

L&T has signed a long-term ‘Technical Licence Agreement’ with Chiyoda Corporation for its 'Chiyoda Thoroughbred 121 (CT-121)' Flue Gas Desulphurisation (FGD) Technology. The agreement grants L&T exclusive rights to undertake EPC of CT-121 FGD Systems. The new emission norms for coal-based thermal power plants in India, notified vide MoEFCC Gazette dated December 7, 2015, introduced new limits on sulphur dioxide (SO2) emissions. The move which makes Indian emission norms among the most stringent in the world, has called for mandatory installation of FGD systems in upcoming power plants, including those currently under construction and many that are already operational.

L&T and Chiyoda's relationship dates back over two decades with L&T-Chiyoda, a JV that has come to be an internationally reputed design and engineering consultancy organisation catering to the Hydrocarbon sector. Through the signing of this agreement, the two companies have extended their association into the power sector as well.