L&T trades in green on securing contract from Oilfields Supply Company
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Larsen & Toubro is currently trading at Rs. 1338.25, up by 6.75 points or 0.51% from its previous closing of Rs. 1331.50 on the BSE.
The scrip opened at Rs. 1313.80 and has touched a high and low of Rs. 1339.40 and Rs. 1307.95 respectively. So far 162912 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1593.00 on 02-Feb-2021 and a 52 week low of Rs. 791.55 on 19-May-2020.
Last one week high and low of the scrip stood at Rs. 1392.35 and Rs. 1306.40 respectively. The current market cap of the company is Rs. 187690.72 crore.
The Institutions holding in the company stood at 55.71%, while Non-Institutions held 44.29%.
Larsen & Toubro’s (L&T) Buildings and Factories business has secured a significant contract from Oilfields Supply Company Saudi owned by the Dubai based Oilfields Supply Center to design and build one of the World's largest Oil and Gas Supply Bases at King Salman Energy Park, Dammam, Kingdom of Saudi Arabia. The project involves constructing industrial facilities of different sizes, an administration building, ancillary buildings, associated infrastructure and storage yards along with Civil, Structural, MEP and Architectural works. The project is scheduled to be completed in 30 months.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
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