L&T rises as its construction arm secures repeat order from Department of Water Resources
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Larsen & Toubro is currently trading at Rs. 1962.50, up by 7.45 points or 0.38% from its previous closing of Rs. 1955.05 on the BSE.
The scrip opened at Rs. 1955.05 and has touched a high and low of Rs. 1984.00 and Rs. 1955.05 respectively. So far 65838 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. 1456.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1995.00 and Rs. 1943.10 respectively. The current market cap of the company is Rs. 275319.11 crore.
The Institutions and Non-Institutions holding in the company stood at 55.93% and 44.07% respectively.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured a repeat order for its Water & Effluent Treatment Business from the Department of Water Resources, Government of Odisha, to execute a Pressurized Underground Pipeline Irrigation Network System for the Right Command of Lower Suktel Irrigation Project.
The project envisages to provide water to irrigate 27,000 Ha of Culturable Command Area (CCA) in the Balangir district of Odisha. The project scope involves Survey, Design, Engineering, Supply, Laying, Installation & Commissioning of MS, DI & HDPE pumping main & distribution network with all allied electromechanical & automation works. The order from the irrigation sector reiterates the customer’s confidence in L&T’s business capability to meet the requirements of farmers and help in the development of agriculture across the state.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
