L&T rises as its construction arm secures orders for water & effluent treatment business
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Larsen & Toubro is currently trading at Rs. 2478.20, up by 4.95 points or 0.20% from its previous closing of Rs. 2473.25 on the BSE.
The scrip opened at Rs. 2473.25 and has touched a high and low of Rs. 2482.00 and Rs. 2465.60 respectively. So far 15168 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2503.00 on 07-Jul-2023 and a 52 week low of Rs. 1648.00 on 15-Jul-2022.
Last one week high and low of the scrip stood at Rs. 2491.45 and Rs. 2419.95 respectively. The current market cap of the company is Rs. 347042.94 crore.
The Institutions holding in the company stood at 63.34%, while Non-Institutions held 36.65% in the company.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured new orders for its Water & Effluent Treatment Business from the State Water & Sanitation Mission, Uttar Pradesh, to construct a water supply scheme for the Hanumanganj multi-group of villages in the districts of Ballia and Firozabad.
The scope of both the projects includes design & construction of 1 intake structure, 1 water treatment plant of capacity 148 MLD, transmission and distribution pipelines of 5534 Kms, 13 clear water reservoirs of aggregate capacity 25 ML, 504 overhead service reservoirs of aggregate capacity 115.4 ML, 13 pumphouses, 3.81 lakh house service connections and associated electromechanical & instrumentation works and 10 years operation & maintenance. The project involves automation including measurement of input & output water quantity and quality through suitable SCADA & other instrumentation works. The project is designed to provide safe & potable drinking water to 50.85 lakh rural populations in the State and is part of a larger scheme of water supply projects planned by the State Government with an objective to provide piped drinking water to every household (under Jal Jeevan Mission).
The Business has also secured a breakthrough order from the National Thermal Power Corporation (NTPC) for Make-up Water System & Ash Disposal cum Ash Water Recirculation System (AWRS) Package at Talcher.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
