01-01-1970 12:00 AM | Source: Accord Fintech
L&T rises as its construction arm secures orders for Power Transmission & Distribution business
News By Tags | #3848 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Larsen & Toubro is currently trading at Rs. 2116.95, up by 29.05 points or 1.39% from its previous closing of Rs. 2087.90 on the BSE.

The scrip opened at Rs. 2091.05 and has touched a high and low of Rs. 2117.00 and Rs. 2086.00 respectively. So far 24253 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2210.50 on 16-Dec-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. 2174.05 and Rs. 2050.25 respectively. The current market cap of the company is Rs. 297389.10 crore.

The Institutions and Non-Institutions held 62.84% and 37.17% stake in the company.

Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured multiple EPC orders in India and overseas for its Power Transmission & Distribution business. The Renewables arm of the Business has received an EPC order to establish a 90MW Floating Solar PV Plant at the Omkareshwar dam reservoir, a large water body without much change in the water level throughout the year, in the Khandwa district of Madhya Pradesh. This water body is emerging as one of the largest floating solar parks in the world.

Further, in western Uttar Pradesh, the Business will undertake works for the development of distribution infrastructure under the revamped reforms-linked distribution scheme. The scope of this loss reduction package includes asset mapping using Geospatial Information System (GIS).

In the overseas market, the Business has received an order for establishing 400kV & 225kV transmission lines in North Africa. The Business has also won an order for building a 132kV substation in the coastal town of Bintulu in Sarawak, Malaysia.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.