Larsen & Toubro Ltd.

BSE: 500510 | NSE: LT
Large Cap | Engineering - Construction
3813.00
-120.45 (-3.06%)
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L&T rises as its construction arm wins orders for various businesses

Date: 21-10-2020

Larsen & Toubro is currently trading at Rs. 926.10, up by 8.80 points or 0.96% from its previous closing of Rs. 917.30 on the BSE.

The scrip opened at Rs. 925.90 and has touched a high and low of Rs. 931.00 and Rs. 922.35 respectively. So far 85040 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1491.15 on 30-Oct-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. 935.60 and Rs. 884.25 respectively. The current market cap of the company is Rs. 129732.82 crore.

The Institutions holding in the company stood at 53.94% and Non-Institutions held 46.06%.

Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured orders from prestigious clients for its varied businesses. The Commercial and Residential Spaces arm of Buildings & Factories business has won orders from a reputed developer to construct a residential project and an office space in Mumbai. The Factories arm business has received an order from a leading global shipping & logistic company for the design and construction of warehousing logistics park at Mumbai. The Factories arm has also secured a prestigious order for construction of 4000TPD capacity clinker plant in Odisha. The scope involves civil, structural & mechanical works.

The Water & Effluent Treatment business has secured an order from Punjab Water Supply & Sewerage Board, for providing 24x7 surface-based water supply to Patiala town. The project is part of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme.

Railways Strategic Business of Transportation Infrastructure has won order from National Capital Region Transport Corporation (NCRTC). The order involves manufacturing, supplying, installation and testing & commissioning of Pre-Cast ballastless Slab Track system along with associated works for Delhi - Meerut section (82 Kms) as part of Regional Rapid Transit System (RRTS) network of NCRTC.

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