Larsen & Toubro Ltd.

Larsen & Toubro (L&T) is currently trading at Rs. 1496.25, up by 10.20 points or 0.69% from its previous closing of Rs. 1486.05 on the BSE.

The scrip opened at Rs. 1494.00 and has touched a high and low of Rs. 1499.00 and Rs. 1490.95 respectively. So far 3,159 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. 1055.10 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1504.75 and Rs. 1470.00 respectively. The current market cap of the company is Rs. 1,39,235.00 crore.

The Institutions and Non-Institutions held 56.73% and 43.26% respectively.

Larsen & Toubro’s wholly owned subsidiary - L&T Hydrocarbon Engineering (LTHE) has bagged an onshore EPC contract from Indian Oil Corporation (IOCL) worth around Rs 1,100 crore for setting up a 0.740 MMTPA Fluidised Cracking Unit (FCC) including LPG Treatment Facility at their Bongaigaon Refinery, Assam.

The scope of work under the contract covers extended basic engineering, detailed engineering, procurement, supply, transportation, storage, fabrication, inspection, construction, installation, testing, mechanical completion, pre-commissioning and commissioning of the unit. The company has won the contract through a competitive bidding process, which was also participated by reputed global EPC organizations.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $16 billion in revenue. It operates in over 30 countries worldwide.