Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs. 1564.20, up by 13.35 points or 0.86% from its previous closing of Rs. 1550.85 on the BSE.

The scrip opened at Rs. 1560.00 and has touched a high and low of Rs. 1569.00 and Rs. 1559.00 respectively. So far 46725 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1606.70 on 28-May-2019 and a 52 week low of Rs. 1183.40 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1570.00 and Rs. 1522.00 respectively. The current market cap of the company is Rs. 219352.27 crore.

The Institutions and Non-Institutions held 57.83% and 42.17% stake respectively in the company.

Larsen & Toubro’s (L&T) subsidiary -- L&T Heavy Engineering (LTHE) has won twin orders from Oil & Natural Gas Corporation (ONGC). The secured order is in the range of Rs 2500 to 5000 crore.

The Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract awarded are for development of Heera Panna Block of Western Offshore basin which is located about 70 km of South West of Mumbai High. Project includes two (02 Nos.) well head platforms, -49km subsea rigid pipelines, 10 nos. of riser installation and modification work at seven existing platforms and Heera Process Complex.

Further the second order is for development of Mumbai High South field of Western Offshore basin which is located about 210 km to the West of Mumbai city. Project includes one (01 No.) Water Injection Process platforms bridge connected to existing WIS platform, 100 men Living Quarter, modification and interconnection of all the utilities with existing WIS, BHS, SLQ platforms.

The contracts have been awarded through international competitive bidding on a Lump Sum Turn Key (LSTK) basis. This award reposes ONGC's confidence in LTHE's EPCIC capabilities and LTHE’s commitment to continue to support ONGC and contribute to India's energy security.

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