Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs. 978.30, up by 6.90 points or 0.71 % from its previous closing of Rs. 971.40 on the BSE.

The scrip opened at Rs. 984.90 and has touched a high and low of Rs. 987.90 and Rs. 975.60 respectively. So far 1, 06,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1146.91 on 29-Oct-2012 and a 52 week low of Rs. 872.44 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs. 1009.80 and Rs. 937.73 respectively. The current market cap of the company is Rs. 90,428 crore.

The Institutions and Non-Institutions held 52.81% and 44.04% respectively.

The transportation infrastructure business of L&T made a major breakthrough in its international business by bagging a new order worth riyal Omani 135.6 million ( Rs 2085 crore) from the Ministry of Transport and Communications, Sultanate of Oman, for the construction of the Al Batinah Expressway Package 4.

The project is scheduled to be completed in 36 months and involves building a 50-km, four-lane dual carriage expressway, two grade separated interchanges, seven overpass, five wadi bridges and cross drainage works, as per international standards.

This order was won against stiff international competition and augers well for L&T's expansion in international infrastructure. L&T has been making significant strides in the area of roads and bridges both in the international and domestic markets through its well-established capabilities in design, engineering, project execution and construction, quality and safety standards and on-time delivery.