L&T rises as its construction arm secures order for Buildings & Factories Fast Business
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Larsen & Toubro is currently trading at Rs. 2490.70, up by 20.20 points or 0.82% from its previous closing of Rs. 2470.50 on the BSE.
The scrip opened at Rs. 2464.35 and has touched a high and low of Rs. 2499.90 and Rs. 2464.35 respectively. So far 29934 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2499.90 on 06-Jul-2023 and a 52 week low of Rs. 1552.20 on 06-Jul-2022.
Last one week high and low of the scrip stood at Rs. 2499.90 and Rs. 2416.00 respectively. The current market cap of the company is Rs. 349144.27 crore.
The Institutions and Non-Institutions held 63.34% and 36.65% stake in the company respectively.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured new order for its Buildings & Factories Fast Business in Mumbai for an Office Space Development using Composite Steel Construction Technology.
The order is received from a Multinational Company for Construction of Commercial Office Space at Mumbai with an approximate built-up area of 14.85 lakh Sq. ft. The project scope involves Engineering, Procurement & Construction including Civil Works, Composite Steel, Façade, MEP & External Development Activities to construct 6B+G+12 Floors. The project is scheduled to be completed in 2026. This is a testament to the expertise of the business vertical in fast-track execution of steel structures with Composite Steel Technology.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
