Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs. 816.95, up by 15.30 points or 1.91% from its previous closing of Rs. 801.65 on the BSE.

The scrip opened at Rs. 805.00 and has touched a high and low of Rs. 832.00 and Rs. 798.75 respectively. So far 106580 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. 661.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 832.00 and Rs. 763.00 respectively. The current market cap of the company is Rs. 115282.40 crore.

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

Larsen & Toubro’s (L&T) wholly owned subsidiary -- L&T Hydrocarbon Engineering (LTHE) has been awarded a Large Project by Indian Oil Corporation (IOCL). The engineering, procurement, construction and commissioning (EPCC) contract is for setting up a new 9 MMTPA Atmospheric Et Vacuum Distillation Unit (AVU) and allied facilities (EPCC-1 Package) for Barauni Refinery Capacity Expansion Project at IOCL's Barauni Refinery, Bihar. The capacity of Barauni Refinery is being augmented from current installed capacity of 6.0 MMTPA to 9.0 MMTPA.

Awarded through an international competitive bidding on Lump Sum Turn Key (LSTK) basis, the contract demonstrates IOCL's trust on LTHE's capability to deliver complex process plants to a challenging schedule with excellent safety and quality.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.