L&T shines as its arm bags order worth Rs 1,063 crore across various business segments

L&T is currently trading at Rs. 1,348.00, up by 6.60 points or 0.49% from its previous closing of Rs. 1341.40 on the BSE.

The scrip opened at Rs. 1354.00 and has touched a high and low of Rs. 1359.75 and Rs. 1333.00 respectively. So far 1, 55,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1719.90 on 08-Sep-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. 1420.00 and Rs. 1324.10 respectively. The current market cap of the company is Rs. 82,602 crore.

The Institutions and Non-Institutions held 52.48% and 44.33% respectively.

Larsen and Toubro Construction (L&T Construction), wholly owned subsidiary of Larsen and Toubro (L&T) has won new orders valued over Rs 1,063 crore across various business segments during the month of August 2012.

Under the Infrastructure IC, the company has secured a major order worth Rs 377 crore from Delhi Metro Rail Corporation for the construction of elevated viaduct and stations. This project is the part of phase -III of Delhi MRTS.

Under the Railways business sector, the company has secured a new order worth Rs 212 crore from Rail Vikas Nigam for doubling the lines of the Rewari - Manheru section on the Bikaner division of North Western Railway. 

Under the Building & Factories IC, the company has secured orders aggregating Rs 474 crore, which includes design and construction of IT campus in the southern part of India and construction of residential towers in Mumbai. This also includes additional orders from various ongoing building projects.

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).