Larsen & Toubro Ltd.

BSE: 500510 | NSE: LT
Large Cap | Engineering - Construction
3813.00
-120.45 (-3.06%)
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L&T gains on winning multiple orders for construction and mining equipment business

Date: 07-12-2020

Larsen & Toubro is currently trading at Rs. 1160.25, up by 11.00 points or 0.96% from its previous closing of Rs. 1149.25 on the BSE.

The scrip opened at Rs. 1151.00 and has touched a high and low of Rs. 1171.90 and Rs. 1144.70 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1383.85 on 01-Feb-2020 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. 1171.90 and Rs. 1104.20 respectively.

The Institutions and Non-Institutions held 53.94% and 46.06%, stake in the company respectively.

Larsen & Toubro’s (L&T) the Construction and Mining Equipment business has secured multiple orders for supply of 90 units of Komatsu Mining Equipment from Coal India subsidiaries, leading Infra companies engaged with the Coal sector and customers from the Cement and Iron Ore sectors.

These orders are for supply of 66 units of Komatsu 100 Ton and 60 Ton Dump Trucks, 15 units of Komatsu Wheel Loaders 7 units of Komatsu Hydraulic Excavators and allied equipment. The scope includes supply of equipment and maintenance contracts for supporting operations over three to four years.

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