Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs. 1324.35, up by 8.95 points or 0.68% from its previous closing of Rs. 1315.40 on the BSE.

The scrip opened at Rs. 1320.00 and has touched a high and low of Rs. 1328.00 and Rs. 1314.90 respectively. So far 30392 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1328.00 on 05-Jan-2018 and a 52 week low of Rs. 917.79 on 09-Jan-2017.

Last one week high and low of the scrip stood at Rs. 1328.00 and Rs. 1243.15 respectively. The current market cap of the company is Rs. 184291.70 crore.

The Institutions and Non-Institutions held 57.51% and 42.49%, stake in the company, respectively.

Larsen & Toubro’s (L&T) wholly-owned subsidiary, L&T Hydrocarbon Engineering (LTHE) has signed an offshore contract for ‘Bassein Development 3 Well Platform & Pipeline Project’ with Oil & Natural Gas Corporation (ONGC) valued at around Rs 1,483 crore.

The order, won against International Competitive Bidding, encompasses ‘EPCIC’ -Engineering, Procurement, Construction, Installation and Commissioning - for the project. The EPCIC scope of the project includes three new wellhead platforms, 23-kilometer subsea pipeline, composite subsea power cable, clamp-on works on an existing platform and modification work on nine existing platforms in the western offshore basin in India.

The project, part of ONGC’s strategy to jointly develop three small and marginal fields/blocks namely B-147, BSE-11 and NBP-E under ‘Bassein Development 3 Well Platform Project’, is scheduled to be completed by May 2019.