01-01-1970 12:00 AM | Source: Accord Fintech
Larsen & Toubro rises as its construction arm bags various orders
News By Tags | #3848 #483 #572

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Larsen & Toubro is currently trading at Rs. 1738.40, up by 10.60 points or 0.61% from its previous closing of Rs. 1727.80 on the BSE.

The scrip opened at Rs. 1739.85 and has touched a high and low of Rs. 1744.00 and Rs. 1715.70 respectively. So far 21557 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. 1758.40 and Rs. 1595.00 respectively. The current market cap of the company is Rs. 244358.69 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 has secured various contracts for Water and Effluent Treatment Business. The Gujarat Water Infrastructure (GWIL) has placed engineering, procurement and construction orders for the design and construction of the Dhanki-Navda Bulk Pipeline project that aims to enhance water supply capacity to meet the future demands of Amreli, Junagadh, Botad and Rajkot districts of Gujarat. The scope includes design and construction of 99 Kms bulk transmission MS pipeline, 10.5 ML RCC raw water sump & pump house and associated electro-mechanical & instrumentation works. The business is also executing another bulk pipeline project at the same location for GWIL.

Further, the international arm of the business has been awarded a project from a prestigious client for the Supply, Installation, Testing, and Commissioning of water distribution network and large meter connections in Dubai. The scope includes water distribution networks of 137 Km GRE Pipelines, micro tunnelling works, SCADA and associated Civil, Mechanical and Electrical Works.

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