Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs. 1300.70, up by 14.00 points or 1.09% from its previous closing of Rs. 1286.70 on the BSE.

The scrip opened at Rs. 1296.40 and has touched a high and low of Rs. 1307.00 and Rs. 1287.65 respectively. So far 36230 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. 1202.30 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 1383.85 and Rs. 1272.50 respectively. The current market cap of the company is Rs. 182114.61 crore.

The Institutions and Non-Institutions held 56.49% and 43.51%, stake in the company, respectively.

Larsen & Toubro’s (L&T) construction arm has been awarded an order by Etihad Rail Company PJSC for the design and build of freight handling facilities at 7 strategic locations across United Arab Emirates (UAE). This design and build contract for freight facilities package has been bagged against stiff international competition and is a major breakthrough project for L&T in the Stage-2 expansion phase of Etihad Rail. This project will be executed in Joint Venture with Power China.

All the freight stations will include railway siding and track works apart from other infrastructure works such as bridges, buildings, roads & drains, water and electricity utility systems.

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