L&T rises on bagging order to build urea plant in Australia
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Larsen & Toubro is currently trading at Rs. 2673.80, up by 10.00 points or 0.38% from its previous closing of Rs. 2663.80 on the BSE.
The scrip opened at Rs. 2673.70 and has touched a high and low of Rs. 2680.00 and Rs. 2663.00 respectively. So far 14534 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2693.95 on 16-Aug-2023 and a 52 week low of Rs. 1798.00 on 29-Sep-2022.
Last one week high and low of the scrip stood at Rs. 2693.95 and Rs. 2623.95 respectively. The current market cap of the company is Rs. 375842.35 crore.
The Institutions and Non-Institutions held 63.54% and 36.46% stake in the company respectively.
Larsen & Toubro (L&T) has secured a significant order from Perdaman Chemicals & Fertilisers to build a 2.3 million tonne urea plant in Australia. The contract has been awarded by Italian firm Saipem & Clough -- the Engineering, Procurement, and Construction (EPC) contractor of Perdaman, which is an Indian-owned company.
On completion, this facility will be the largest urea plant in Australia and one of the largest in the world. L&T's Energy Hyrdocarbon contract involves fabrication and supply of process and piperack modules for the 2.30 MT per annum urea plant along with a 1.3 MT ammonia unit. L&T Heavy Engineering has secured orders for packaging the urea equipment for the project.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
