L&T rises as its construction arm wins order from DMRC
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Larsen & Toubro is currently trading at Rs. 1672.65, up by 13.55 points or 0.82% from its previous closing of Rs. 1659.10 on the BSE.
The scrip opened at Rs. 1675.00 and has touched a high and low of Rs. 1677.20 and Rs. 1650.00 respectively. So far 53592 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. 1813.80 and Rs. 1595.00 respectively. The current market cap of the company is Rs. 234629.30 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 won a significant order from the prestigious Delhi Metro Rail Corporation (DMRC), to design and construct the Underground Metro Project of Phase-IV of Delhi MRTS.
The major scope of work for the project comprises Design and Construction of 5 Km of Twin Tunnel (Up & Down Line) by Shield Tunnel Boring Machine (TBM), Cut and Cover Tunnel box, Underground Ramp and four Underground stations namely Chhattarpur, Chhattarpur Mandir, IGNOU and Neb Sarai with associated works of Aerocity to Tughlakabad Corridor of Phase-IV of Delhi MRTS. A major part of works is in South Delhi and must be completed within the duration of 42 months.
The project is funded by JICA and L&T takes pride to be reassociated with DMRC for this prestigious project. L&T has significantly enhanced its capability of building faster and reliable mass transit systems and this project is in line with our strategic goals.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
