L&T rises as its construction arm secures order from Bangladesh Hi-Tech Park Authority
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Larsen & Toubro is currently trading at Rs. 1887.95, up by 13.55 points or 0.72% from its previous closing of Rs. 1874.40 on the BSE.
The scrip opened at Rs. 1885.00 and has touched a high and low of Rs. 1899.40 and Rs. 1876.00 respectively. So far 16154 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. 1984.05 and Rs. 1847.45 respectively. The current market cap of the company is Rs. 265124.08 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 an order from the Bangladesh Hi-Tech Park Authority to construct Hi-Tech IT Parks at 8 locations (2 packages at 4 locations each) across Bangladesh. This project is being funded by the Indian EXIM Bank and is the first IT & Office Space order that L&T has secured in Bangladesh.
The major scope of work for the project comprises Procurement and Construction of 7 storied structural steel buildings at all 8 locations with BUA of 1.2 million sq. ft. including Civil, Finishes, Façade and Electromechanical works with LEED Gold rating. The scope also includes HVAC, Lift, Electrical, Fire Fighting System, Public Health Engineering, Networking & Security System, Building Management System, Site Development, Road, Boundary wall, Landscaping, Arboriculture etc.
