Larsen & Toubro Ltd.

Larsen & Toubro (L&T) is currently trading at Rs. 1622.50, up by 3.90 points or 0.24 % from its previous closing of Rs. 1618.60 on the BSE.

The scrip opened at Rs. 1613.00 and has touched a high and low of Rs. 1625.00 and Rs. 1591.25 respectively. So far 112321 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1719.50 on 29-Oct-2012 and a 52 week low of Rs. 1106.40 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1642.00 and Rs. 1502.15 respectively. The current market cap of the company is Rs. 99665.09 crore.

The Institutions holding in the company stood at 52.86 % while Non-Institutions 43.55% of the stake.

Larsen & Toubro (L&T) has reportedly secured contract from Saudi Aramco to build facilities including a gas processing plant for its Midyan gas field. The project comprised building two pipelines of 98 km length to deliver gas and hydrocarbon liquids to a power plant near (the western city of) Duba.

The company will construct a plant with a processing capacity of 75 million standard cubic feet per day (scfd) of non-associated gas and 4,500 barrels of condensate per day. The project is expected to be completed in mid-2016.