Larsen & Toubro Ltd.

BSE: 500510 | NSE: LT
Large Cap | Engineering - Construction
3783.90
-65.00 (-1.69%)
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L&T gains on its construction arm bagging orders worth Rs 4,033 crore

Date: 22-05-2018

Larsen & Toubro (L&T) is currently trading at Rs. 1329.90, up by 15.90 points or 1.21% from its previous closing of Rs. 1314.00 on the BSE.

The scrip opened at Rs. 1313.00 and has touched a high and low of Rs. 1330.20 and Rs. 1313.00 respectively. So far 13313 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1469.60 on 01-Feb-2018 and a 52 week low of Rs. 1,108.12 on 30-Jun-2017.

Last one week high and low of the scrip stood at Rs. 1,375.90 and Rs. 1311.00 respectively. The current market cap of the company is Rs. 186141.72 crore.

The Institutions and Non-Institutions held 58.16% and 41.84% stake in the company, respectively.

Larsen & Toubro’s (L&T) construction arm -- L&T Construction’s Buildings & Factories business has bagged orders worth Rs 4,033 crore.

Buildings & Factories IC has won order from a reputed government client for the design & construction of 1,125 numbers of Residential towers of Ground plus 3 floors under PMAY Scheme at Visakhapatnam, Prakasam, Guntur, and Krishna Districts in Andhra Pradesh, to be completed within stringent timelines.

The company has also bagged another order from a leading cement manufacturer for the construction of cement plants in Odisha and Andhra Pradesh on the design and build model. Besides, the business has also bagged another turnkey order from a government client in Patna (Bihar) to establish a cancer institute along with the supply, installation and commissioning of medical equipment.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $17 billion in revenue.