L&T soars as its arm secures three offshore packages from prestigious overseas client
Larsen & Toubro is currently trading at Rs. 1501.05, up by 22.85 points or 1.55% from its previous closing of Rs. 1478.20 on the BSE.
The scrip opened at Rs. 1493.95 and has touched a high and low of Rs. 1511.25 and Rs. 1484.35 respectively. So far 255167 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2078.20 on 18-Jan-2022 and a 52 week low of Rs. 1456.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1528.80 and Rs. 1456.80 respectively. The current market cap of the company is Rs. 210294.03 crore.
The Institutions and Non-Institutions holding in the company stood at 56.14% and 43.86% respectively.
Larsen & Toubro’s (L&T) arm -- L&T Energy Hydrocarbon (LTEH) has secured three offshore packages from a prestigious overseas client. The scope of work comprises Engineering, Procurement, Construction, and Installation for various new offshore jacket structures. LTEH has executed orders for this client in the past and repeat business is a testimony to L&T’s ‘Execution Par Excellence’ philosophy.
LTEH is executing several domestic and international offshore projects and is committed to building its regional presence in geographies that it operates by growing local skills and talent, improving procurement from local vendors, engaging commercially with local contractors on the foundation of a sustainable workload.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
