L&T jumps as its construction arm secures contract for Transportation Infrastructure Business
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. 3406.30, up by 65.80 points or 1.97% from its previous closing of Rs. 3340.50 on the BSE.
The scrip opened at Rs. 3352.75 and has touched a high and low of Rs. 3406.60 and Rs. 3337.35 respectively. So far 84642 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. 2083.05 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 3539.20 and Rs. 3320.00 respectively. The current market cap of the company is Rs. 468061.40 crore.
The Institutions and Non-Institutions held 63.06% and 36.94% stake in the company respectively.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has won a prestigious project contract for its Transportation Infrastructure Business, to construct the Palashbari to Sualkuchi Cable Stayed Bridge across the river Brahmaputra in Assam. The project has been awarded by the Public Works Roads Department (PwRD), Assam to construct a 12.21 Km long bridge with approaches connecting Palashbari and Sualkuchi. The bridge will directly connect both the towns. The village of Sualkuchi is one of the world’s largest weaving center’s where traditional Assamese garments are made with indigenous materials like Muga, the golden silk, that is only produced there. The bridge will also directly connect to the Lokpriya Gopinath Bordoloi International Airport (GAU), Assam.
The project will have 3.6 Km long cable stayed bridge portion along with a 5.61 Km approach on Palashbari side and a 3.0 Km approach on Sualkuchi side including wetland approach viaducts. The maximum span of the extradosed cable stayed portion will be 165 m. The project is scheduled to be completed in 48 months. L&T is already executing the ‘Dhubri Phulbari Bridge Project’ for National Highway Infrastructure Development Corporation (NHIDCL) apart from several other infrastructure projects in Assam.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
