L&T gains on winning new orders for power transmission & distribution business
Larsen & Toubro is currently trading at Rs. 3634.95, up by 31.90 points or 0.89% from its previous closing of Rs. 3603.05 on the BSE.
The scrip opened at Rs. 3603.45 and has touched a high and low of Rs. 3643.90 and Rs. 3595.05 respectively. So far 65804 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3963.00 on 10-Dec-2024 and a 52 week low of Rs. 3175.50 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 3724.00 and Rs. 3585.00 respectively. The current market cap of the company is Rs. 499791.23 crore.
The Institutions and Non-Institutions held 62.39% and 37.61%, stake in the company respectively.
Larsen & Toubro (L&T) has won new orders for its Power Transmission & Distribution (PT&D) vertical in India and the Middle East. It has won an order to implement Advanced Distribution Management System in West Bengal. This technology makes power distribution smarter by combining Outage Management System and Distribution Management System functionalities. Through real time monitoring and control of medium and low voltage networks, the reliability of the network will be enhanced with quick isolation of faults and faster restoration.
In Saudi Arabia, an order for a key 380kV Substation which will facilitate evacuation of solar generation has been secured. Then, at a major city project in Kuwait, PT&D has won a 400kV Substation order.
In Dubai, PT&D has bagged orders for establishing a set of EHV substations which includes a 400/132kV Substation. Several substations are being added to the Emirate’s power transmission infrastructure as it seeks to remain a preferred destination to live, work and visit.
Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.