Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs. 1357.00, up by 7.60 points or 0.56% from its previous closing of Rs. 1349.40 on the BSE.

The scrip opened at Rs. 1350.00 and has touched a high and low of Rs. 1360.00 and Rs. 1350.00 respectively. So far 17060 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. 1363.00 and Rs. 1319.50 respectively. The current market cap of the company is Rs. 126261.14 crore.

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

Larsen & Toubro (L&T) has bagged another smart city project as part of the Government’s Smart City Mission by being identified as the Implementation Partner to convert Pune into a Smart City. The project will be executed by the company’s subsidiary L&T Construction’s Smart World & Communication Business Unit.

The scope of work includes enabling Wi-Fi at around 200 strategic locations across Pune, establishing Emergency Call Boxes and Public Address Systems, Environmental Sensors, Variable Messaging Displays, Network Connectivity and Video analytics Integration.

The project intends to set up a state-of-the-art Smart City Operation Centre (SCOC) to integrate all its services and applications on a single platform. This single point interface will be a holistic platform with the potential to accommodate all the future needs through integration of various citizen centric applications. The project includes a revenue monetization model, country's first in smart cities domain.

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.