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 bags contracts for metallurgical & material handling business

Date: 01-01-2021

Larsen & Toubro is currently trading at Rs. 1297.50, up by 9.95 points or 0.77% from its previous closing of Rs. 1287.55 on the BSE.

The scrip opened at Rs. 1281.00 and has touched a high and low of Rs. 1299.65 and Rs. 1281.00 respectively. So far 59383 shares were traded on the counter.

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. 1304.00 and Rs. 1267.00 respectively. The current market cap of the company is Rs. 182237.41 crore.

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

Larsen & Toubro’s (L&T) construction arm -- L&T construction has won (Significant) contracts for Metallurgical & Material Handling Business. The Metallurgical & Material Handling (MMH) business of L&T Construction has secured EPC orders of Coal Processing Plants in the domestic market and a prestigious Engineering & Procurement Project for a Metallurgical Plant overseas.

These orders reflect MMH prowess in executing complex metallurgical plants and a recognition of their capability in overseas geographies. The business has also secured new orders from its various customers for products and an add on order from its existing customer.

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