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Larsen & Toubro is currently trading at Rs. 2095.85, up by 33.80 points or 1.64% from its previous closing of Rs. 2062.05 on the BSE.

The scrip opened at Rs. 2052.10 and has touched a high and low of Rs. 2108.00 and Rs. 2052.10 respectively. So far 28403 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2210.50 on 16-Dec-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. 2189.95 and Rs. 2050.25 respectively. The current market cap of the company is Rs. 294416.76 crore.

The Institutions and Non-Institutions held 62.84% and 37.17%, stake in the company respectively.

Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured prestigious orders for its Water & Effluent Treatment Business from the Tumakuru Industrial Township (TITL) under the Chennai Bengaluru Industrial Corridor (CBIC) and repeat orders from the Tamil Nadu Water Supply and Drainage Board (TWAD Board), Government of Tamil Nadu, funded by the Asian Development Bank (ADB).

The order from TITL is to Design, Construct, Test, Commission, Operate & Maintain infrastructure works at the Tumakuru Node, Karnataka on an EPC basis. The scope of work involves design & construction of 38 km of roads along with storm water drains, cross drainage structures, potable & recycled water supply systems, sewerage & effluent collection network, power distribution system including street lighting, 7 MLD water treatment plant, 3 MLD sewerage treatment plant, 2.5 MLD common effluent treatment plant, service reservoirs and Integrated Command & Control Centre (ICCC) building including operation & maintenance of the complete system for a period of four years.

This project is part of the Government of India’s flagship program of ‘Development of Industrial Corridors’ under the National Industrial Corridor Development and Implementation Trust (NICDIT), the apex body overseeing integrated development of all industrial corridors across the country. The program envisages to develop land to promote industries, residential areas, commercial complexes, logistic hubs etc. covering a total area of 1750 acres. It also includes green cover development of 80 acres at Tumakuru.

Further, the orders from TWAD Board are to provide ’Underground Sewerage Scheme (UGSS)’ works at Coimbatore. The scope of work involves implementation of house service connections, sewerage network, pumping main, road restoration works and pumping & lift stations across Vadavalli, Veerakeralam, Kavundampalayam and Thudiyalur areas to serve a population of around 3 lakhs upon completion. The Business is executing a similar UGSS project in Coimbatore and the repeat orders reinforce Customer’s trust in L&T’s capabilities.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.