L&T gains on winning orders for Power Transmission & Distribution vertical
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Larsen & Toubro is currently trading at Rs. 3819.10, up by 31.65 points or 0.84% from its previous closing of Rs. 3787.45 on the BSE.
The scrip opened at Rs. 3786.00 and has touched a high and low of Rs. 3830.00 and Rs. 3780.20 respectively. So far 26327 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3948.60 on 03-Jun-2024 and a 52 week low of Rs. 2856.85 on 30-Oct-2023.
Last one week high and low of the scrip stood at Rs. 3837.95 and Rs. 3673.35 respectively. The current market cap of the company is Rs. 525028.05 crore.
The Institutions and Non-Institutions held 61.98% and 38.01% stake in the company respectively.
Larsen & Toubro (L&T) has won new orders in the Middle East for the Power Transmission & Distribution (PT&D) vertical for expanding and strengthening the electricity grids at high voltage levels.
The different operating regions in Saudi Arabia’s national electricity network are being interconnected through High Voltage Direct Current links that enable exchange of power between regions and enhanced system resilience. L&T has secured orders to establish ±500kV HVDC Transmission Links associated with these interconnections. The company has also won orders for three more packages involving two 380kV overhead transmission lines and a bulk supply 380kV Gas Insulated Substation. These elements contribute significantly to the renewable generation interconnection and fortification of the grid.
In Abu Dhabi, the company has received an order to build two major 400kV Gas Insulated Substations. In addition to civil works, the scope also involves Series Current Limiting Reactors, Auto Transformers, related control, protection, substation monitoring & alarm systems including fault and power quality monitoring, telecommunication systems and integration with the Load Dispatch Centre. These substations will enhance the power transfer capacity of the electricity grid.
Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
