L&T moves up as its construction arm secures new orders for Power Transmission & Distribution Business
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Larsen & Toubro is currently trading at Rs. 2715.30, up by 35.80 points or 1.34% from its previous closing of Rs. 2679.50 on the BSE.
The scrip opened at Rs. 2685.10 and has touched a high and low of Rs. 2725.75 and Rs. 2685.00 respectively. So far 58878 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2725.75 on 23-Aug-2023 and a 52 week low of Rs. 1798.00 on 29-Sep-2022.
Last one week high and low of the scrip stood at Rs. 2725.75 and Rs. 2623.95 respectively. The current market cap of the company is Rs. 381914.76 crore.
The Institutions and Non-Institutions held 63.54% and 36.46% stake in the company respectively.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured new orders for its Power Transmission & Distribution Business in the Middle East.
In the United Arab Emirates, the Business has received an order to establish a 220kV Gas Insulated Substation and associated Transmission Lines from a well-established service provider to the energy industry. Further, orders to establish 2 new 132kV Substations have been received from a public services infrastructure company in Dubai and another order to build a 220kV overhead Transmission Line has been secured in the region.
In Kuwait, an order has been secured for turnkey construction of 4 new 132kV Substations in the Al Sabah Medical District. The scope also includes associated Control, Protection, Automation and Communication systems and related Civil & Mechanical works. Additional orders have been received in the ongoing jobs in Qatar and Saudi Arabia.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
