L&T jumps as its construction arm secures various orders for businesses
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Larsen & Toubro is currently trading at Rs. 1740.55, up by 49.10 points or 2.90% from its previous closing of Rs. 1691.45 on the BSE.
The scrip opened at Rs. 1740.00 and has touched a high and low of Rs. 1758.40 and Rs. 1715.50 respectively. So far 65685 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. 1306.40 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 1758.40 and Rs. 1595.00 respectively. The current market cap of the company is Rs. 245588.03 crore.
The Institutions and Non-Institutions holding in the company stood at 56.18% and 43.82% respectively.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured various orders for its businesses. The Railways SBU of L&T Construction's Transportation Infrastructure IC has secured an Engineering, Procurement & Construction (EPC) order from IRCON International LTD involving 25 kV Overhead Electrification, Signaling & Telecommunication, and associated works for 549 RKM/678 TKM railway lines pertaining to the Northeast Frontier Railway.
Besides, the Factories Business of Buildings and Factories IC has secured a prestigious order from a global FMCG manufacturer for Design & Construction of a food processing facility in Gujarat, India. The scope involves Civil, Structural, Architectural and MEP Utility works including External Development Works. The business has also secured an order from a prestigious client to expand a super specialty hospital in Kolkata by 250 beds on Design & Build basis. The built-up area of the project will be 2.61 lakh Sq Ft. with a configuration of basement+ ground+ 10 floors structure including LINAC & PET CT facility. The project is located at a prime location. The logistics are challenging while the execution will have both offsite and onsite construction activities.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
