Larsen & Toubro Ltd.

Larsen & Toubro (L&T) is currently trading at Rs. 1364.30, up by 0.90 points or 0.07% from its previous closing of Rs. 1364.30 on the BSE.

The scrip opened at Rs. 1368.00 and has touched a high and low of Rs. 1371.40 and Rs. 1355.00 respectively. So far 48665 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. 1116.45 on 06-Sep-2017.

Last one week high and low of the scrip stood at Rs. 1389.00 and Rs. 1346.25 respectively. The current market cap of the company is Rs. 191231.03 crore.

The Institutions and Non-Institutions held 57.79% and 42.21% respectively.

L&T's construction arm -- L&T Construction has bagged orders worth Rs 2,654 crore across various business segments.

L&T Construction’s Transportation Infrastructure business has bagged a new order worth Rs 2,095 crore from Maharashtra State Road Development Corporation (MSRDC), for the construction of Package 10 of the Six-lane Nagpur Mumbai Super Communication Expressway (District Aurangabad: From Village Fatiwabad to Village Surala) in the state of Maharashtra.

This project is to be completed in 30 months and involves construction of 57.95 KMs of six-lane rigid pavement carriageway, 12.77 Km of service roads, 6.4 Km of cart tracks, 3 Interchanges, 1 ROB, 4 major bridges, 5 canal bridges,19 minor bridges / canal bridge, 79 culverts, 1 VOP and 49 vehicular/pedestrian/cattle underpasses.

Further, Heavy Civil Infrastructure business of the company’s construction arm has also bagged an order worth Rs 559 crore from Maharashtra State Road Development Corporation (MSRDC) for construction of the Thane Creek Bridge-III. The project involves construction of a 1.837 Km dual bridge across the Thane Creek Channel connecting Mumbai and Navi Mumbai.

This will be the third bridge to be constructed across Thane Creek channel with the existing Bridge No-2 saturated to traffic and Bridge No-1 being closed to traffic due to its poor condition. This bridge once constructed will provide seamless connectivity between Mumbai and Vashi.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.