Larsen & Toubro rises as its construction arm secures order from Government of Assam
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Larsen & Toubro is currently trading at Rs. 1845.50, up by 5.40 points or 0.29% from its previous closing of Rs. 1840.10 on the BSE.
The scrip opened at Rs. 1834.75 and has touched a high and low of Rs. 1856.40 and Rs. 1828.25 respectively. So far 9804 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. 1946.00 and Rs. 1818.00 respectively. The current market cap of the company is Rs. 258857.30 crore.
The Institutions and Non-Institutions held 55.93% and 44.07% respectively, in the company.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured order for its Buildings & Factories Business from State Government of Assam to construct a new Medical College & Hospital at Golaghat, Assam on an Engineering, Procurement and Construction (EPC) Basis. The facility will include a 430- bed teaching hospital, an academic block to cater to an annual intake of 100 nos., an autopsy block, a private ward, hostel and residential facilities. The project is to be executed as per NMC norms and in 36 months. The total built up area will be 9.44 Lakh Sq. ft.
The scope of work involves Piling, Civil Structure, Finishes & allied MEP services including Supply, Installation, Testing & Commissioning of medical gas piping, Modular OT, etc., and external development works including area development works.
The business has also secured an order from a prestigious client to construct commercial office space at Bengaluru with an approximate built-up area of 10 lakh Sq. ft. The project scope includes Design & Build civil works for the composite structure of 3B+G+12 floors. The project is envisaged to be designed, coordinated and monitored digitally using BIM ‘Build & Collaboration module’ and must be completed in 12 months.
Further, the business has also secured add-on orders for various ongoing projects in the segments of airports, public spaces, factories, office spaces & data centers.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
