Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs. 848.90, up by 23.10 points or 2.80% from its previous closing of Rs. 825.80 on the BSE.

The scrip opened at Rs. 833.90 and has touched a high and low of Rs. 850.90 and Rs. 827.00 respectively. So far 79809 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. 850.90 and Rs. 810.10 respectively. The current market cap of the company is Rs. 119169.37 crore.

The Institutions holding in the company stood at 55.27% and Non-Institutions held and 44.72% respectively.

Larsen & Toubro’s (L&T) the Heavy Engineering arm has ensured dispatch of critical Reactors, Coke drums and Sub-assemblies of Nuclear Fusion reactor for their global clients during the lockdown period in India from beginning of last week of March.

During this period, a final consignment of 4 (out of total package of 16) ARDS Reactors for Refinery modernization project for clean, environment friendly fuels to ADNOC, Abu Dhabi were delivered by the company. The final 4 Coke Drums part of package of critical Hydrocracking Reactors for DUQM Refinery in Sultanate of Oman & 2 Ethylene Oxide Reactors for LPCL Petrochemical Complex in China were delivered on time.

The sub-assemblies for International Thermonuclear Experimental Reactor (ITER) France were delivered on an urgent basis during Lockdown to ensure uninterrupted assembly of Cryostat in Reactor pit in southern France.

All these significant orders for Process Plant and Nuclear Power mega projects were secured against global competition with stiff delivery requirements.

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