L&T inches up as its arm partners with Aditya Infotech to develop semiconductor chips for CCTV camera solutions
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Larsen & Toubro is currently trading at Rs. 3649.20, up by 1.20 points or 0.03% from its previous closing of Rs. 3648.00 on the BSE.
The scrip opened at Rs. 3661.35 and has touched a high and low of Rs. 3672.00 and Rs. 3637.20 respectively. So far 24666 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. 2448.00 on 14-Jul-2023.
Last one week high and low of the scrip stood at Rs. 3693.25 and Rs. 3594.90 respectively. The current market cap of the company is Rs. 502012.04 crore.
The Institutions and Non-Institutions held 62.67% and 37.33% stake in the company respectively.
Larsen & Toubro’s (L&T) fully owned subsidiary -- L&T Semiconductor Technologies (LTSCT) has signed a Master Collaboration Agreement (MCA) with Aditya Infotech to develop and supply state-of-the-art systems-on-chip (SoC) and other system solutions for CCTV cameras. Aditya Infotech is the maker of the popular CP Plus branded CCTV cameras.
The partnership between LTSCT and CP Plus underscores a shared commitment to maximising indigenous semiconductors content in Surveillance Camera solutions, adhering to security and regulatory standards set by MeitY, and creating competitive tech products for global markets.
This partnership is a testimony to the capabilities of Indian companies to manufacture world-class semiconductor products. This collaboration will not only boost Make in India but also give impetus to design in India initiative, strengthening a trusted supply chain in line with the MeitY’s policies.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
.jpg)
