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L&T gains as its construction arm secures orders for buildings & factories business
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Larsen & Toubro is currently trading at Rs. 3035.30, up by 9.10 points or 0.30% from its previous closing of Rs. 3026.20 on the BSE.
The scrip opened at Rs. 3043.95 and has touched a high and low of Rs. 3064.90 and Rs. 3034.20 respectively. So far 13023 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3077.65 on 03-Oct-2023 and a 52 week low of Rs. 1858.00 on 12-Oct-2022.
Last one week high and low of the scrip stood at Rs. 3077.65 and Rs. 2990.05 respectively. The current market cap of the company is Rs. 427942.72 crore.
The Institutions holding in the company stood at 63.54%, while Non-Institutions held 36.46% in the company.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured various orders for its Buildings & Factories business in the large category under its various business units. The business has secured an order to construct a residential township in Bengaluru involving the construction of 3,627 apartments spread across 19 Towers having configuration of 3 Basements + Ground + 23 to 41 Floors, 88 Villas along with club houses, swimming pools and other amenity structures. The total built up area will be approximately 9.7 million sq.ft.
The business also secured orders from a reputed developer to construct Commercial Towers in Hyderabad. The scope of work includes construction of 2 buildings (2B+G+6P+1T+15 Floors and 3B+LG+UG+4P+1T+14 Floors) with a combined built-up area of 4.2 million square feet.
In addition, the business has bagged an order from the Indian Institute of Technology, Kanpur to construct a Super Specialty Hospital & Academic Block as part of the Gangwal School of Medical Sciences and Technology. This will be the first super-specialty hospital with a medical college campus in India. This campus will play an important role in IIT Kanpur’s medical research and help train next generation medical personnel. The project involves construction of a 500 bedded Hospital block (G+5 floors) & Academic Block (G+5 floors).
Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
