Larsen & Toubro Ltd.

BSE: 500510 | NSE: LT
Large Cap | Engineering - Construction
3794.30
27.15 (0.72%)
< Home < Back

L&T surges on bagging contract for conversion of ‘Sagar Pragati’ to MOPU

Date: 29-08-2013

 L&T is currently trading at Rs. 726.60, up by 21.85 points or 3.10% from its previous closing of Rs. 704.75 on the BSE.

The scrip opened at Rs. 714.25 and has touched a high and low of Rs. 725.00 and Rs. 714.25 respectively. So far 70,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1146.33 on 29-Oct-2012 and a 52 week low of Rs. 678.10 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 759.75 and Rs. 678.10 respectively. The current market cap of the company is Rs. 67,228 crore.

The Institutions and Non-Institutions held 53.07% and 43.78% respectively.

Larsen & Toubro (L&T) in consortium with Pipavav Defence and Offshore Engineering Company have bagged a prestigious contract from ONGC valued over $170 million.The contract includes Survey, Design, Engineering, Procurement, Fabrication, Transportation, Jack-up, Hook-up, Testing, Certification/ Inspections, Pre-commissioning, Start-up and commissioning of entire facilities including demolition for the conversion of ‘Sagar Pragati’, a MODU to Mobile Offshore Production Unit (MOPU).

Larsen & Toubro is the biggest legacy of two Danish Engineers, who built a world-class organization that is professionally managed and a leader in India's engineering and construction industry.