Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs. 1782.00, up by 13.30 points or 0.75% from its previous closing of Rs. 1768.70 on the BSE.

The scrip opened at Rs. 1768.10 and has touched a high and low of Rs. 1784.80 and Rs. 1753.30 respectively. So far 104971 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1791.00 on 26-May-2017 and a 52 week low of Rs. 1295.30 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1791.00 and Rs. 1680.00 respectively. The current market cap of the company is Rs. 164764.38 crore.

The Institutions and Non-Institutions held 57.09% and 42.90% stake respectively of the company.

Larsen & Toubro’s (L&T) wholly-owned subsidiary - L&T Hydrocarbon Engineering (LTHE), has signed a Memorandum of Agreement (MoA) with Institute of Chemical Technology (ICT) to build Ethanol plants based on the fully indigenous technology developed by ICT for producing Second Generation Ethanol. This novel technology developed by ICT under the leadership of Dr. Arvind Lali, Head of DBT-ICT Centre, is capable of processing a variety of feed stocks and offers one of the lowest project life cycle cost.

LTHE and ICT will collaborate to provide complete solutions in setting up 2G Ethanol plants in terms of Process License, Technology Knowhow, Basic Engineering, Engineering, Procurement and Construction (EPC) or Engineering, Procurement and Construction Management (EPCM).

Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.