L&T gains as its Hydrocarbon Business secures onshore gas pipeline project in Middle East
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Larsen & Toubro is currently trading at Rs. 3604.80, up by 62.50 points or 1.76% from its previous closing of Rs. 3542.30 on the BSE.
The scrip opened at Rs. 3515.40 and has touched a high and low of Rs. 3614.00 and Rs. 3515.40 respectively. So far 38983 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3738.90 on 30-Jan-2024 and a 52 week low of Rs. 2122.20 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3701.70 and Rs. 3511.40 respectively. The current market cap of the company is Rs. 495134.73 crore.
The Institutions and Non-Institutions held 63.06% and 36.94% stake in the company respectively.
Larsen & Toubro’s (L&T) Hydrocarbon Business -- L&T Energy Hydrocarbon (LTEH) has secured a major onshore gas pipeline project from a prestigious client in the Middle East. The scope of work comprises engineering, procurement, and construction of two new 56' Pipelines along with associated scraper receivers and launchers and main line isolation valve (MLIV) Stations running parallel to the existing pipeline corridor.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
