L&T shines as its construction arm bags significant order for buildings and factories business
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Larsen & Toubro is currently trading at Rs. 1851.20, up by 24.40 points or 1.34% from its previous closing of Rs. 1826.80 on the BSE.
The scrip opened at Rs. 1839.00 and has touched a high and low of Rs. 1861.00 and Rs. 1830.55 respectively. So far 47029 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1982.95 on 15-Nov-2021 and a 52 week low of Rs. 1214.00 on 22-Dec-2020.
Last one week high and low of the scrip stood at Rs. 1908.00 and Rs. 1771.20 respectively. The current market cap of the company is Rs. 260330.76 crore.
The Institutions and Non-Institutions holding in the company stood at 56.20% and 43.80% respectively.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has bagged significant order for its Buildings and Factories business to construct one of the largest residential townships in Bengaluru. The company has secured contract in the range of Rs 1,000 crore to Rs 2,500 crore. The project involves construction of 6,768 apartments spread across 39 Towers with 2 Basements plus Ground plus 27 to 31 Floors.
Additionally, the development entails 149 villas along with club houses, swimming pools and other amenity structures. The total built up area will be 13.43 million sq.ft. The project is scheduled to be completed in 42 months. The scope of works includes Design and Construction of entire civil structure including waterproofing, masonry, plastering and electrical conduiting.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
