Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs 1405.30, up by 1.50 points or 0.11% from its previous closing of Rs 1403.80 on the BSE.

The scrip opened at Rs 1409.50 and has touched a high and low of Rs 1413.95 and Rs 1396.15 respectively. So far 160304 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1867.85 on 08-Jul-2011 and a 52 week low of Rs 971.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs 1419.45 and Rs 1335.40 respectively. The current market cap of the company is Rs 85825.89 crore.

The Institutions holding in the company stood at 52.25 % while Non-Institutions held 44.64% of the stake.

L&T Construction, the wholly owned subsidiary of Larsen and Toubro (L&T) has secured new orders worth over Rs 1,523 crore from various business segments in June 2012. The company’s Building & Factories IC has bagged orders worth Rs 546 crore from reputed customers for the construction of commercial building and factory structures including additional orders in various ongoing jobs.

The Infrastructure IC has secured orders worth Rs 225 crore for the railway construction works consisting of doubling between Hospet to Harlapur on Hubli division of Southern Western Railway. This also includes orders for additional works in various ongoing infrastructure projects.

Meanwhile, the company’s Water and Effluent Treatment division, Solar Business and Power Transmission and Distribution IC division have bagged orders worth Rs 134 crore, Rs 125 crore and Rs 195 crore respectively.

Recently, L&T Construction secured new orders worth over Rs 1,002 crore across various business segments in June. The Power Transmission and Distribution IC secured new orders in both domestic and international markets.

L&T Construction is the largest construction organization in the country. It figures among the World’s 77th Top Contractors and ranks 29th in global ranking as per the survey conducted by the reputed international construction magazine Engineering News Record, USA (August 2010).