L&T gains on entering into strategic partnership with GA-ASI
Larsen & Toubro is currently trading at Rs 4020.00, up by 32.20 points or 0.81% from its previous closing of Rs 3987.80 on the BSE.
The scrip opened at Rs 3998.70 and has touched a high and low of Rs 4028.95 and Rs 3982.90 respectively. So far 46394 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 4062.50 on 30-Oct-2025 and a 52-week low of Rs 2967.65 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 4062.50 and Rs 3907.05 respectively. The current market cap of the company is Rs 552203.20 crore.
The promoters holding in the company stood at NA % while Institutions and Non-Institutions held 63.07 % and 36.93 % respectively.
The Institutional holding in the company stood at 63.07%, while Non-Institutions held 36.93% stake.
Larsen & Toubro (L&T) has entered into a strategic partnership with the US-headquartered General Atomics Aeronautical Systems, Inc. (GA-ASI) to manufacture Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) in India, for the Indian armed forces. GA-ASI, a global leader in advanced unmanned aerial systems, brings decades of operational expertise, the company brings extensive engineering, precision manufacturing and system integration capabilities in defence and aerospace.
The company and GA-ASI together will deliver the combat-proven MALE RPAS platforms, manufactured entirely in India. This program incorporates critical technology transfers. Under this partnership, the company will participate in the upcoming 87 MALE RPAS programme of the Ministry of Defence, where the company will be the prime bidder and GA-ASI the technology partner. The collaboration will enable the production of GA-ASI’s MQ-series RPAS that are combat proven. These are widely operational across the globe with millions of flight hours in surveillance and strike missions.
Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
