Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs. 1465.35, up by 3.85 points or 0.26% from its previous closing of Rs. 1461.50 on the BSE.

The scrip opened at Rs. 1469.60 and has touched a high and low of Rs. 1470.00 and Rs. 1457.00 respectively. So far 133136 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. 1514.40 and Rs. 1426.45 respectively. The current market cap of the company is Rs. 205938.72 crore.

The Institutions holding in the company stood at 57.83%, while Institutions and Non-Institutions held 42.17% respectively.

The Water and Effluent Treatment Business of Larsen & Toubro (L&T) Construction and Tecton Engineering a Construction LLC, UAE JV have secured a prestigious contract for a 100 MLD Desalination plant from Gujarat Industrial Development Corporation, Gujarat, India. L&T Construction will be the lead in this project.

The EPC order is envisaged to provide desalinated water to Petroleum, Chemicals a Petrochemicals Investment Region (PCPIR) in the Dahej district of Gujarat. As part of the contract, the JV will operate and maintain the plant for 10 years post completion.

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