L&T jumps as its construction arm secures order for buildings & factories business
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Larsen & Toubro is currently trading at Rs. 3576.50, up by 76.25 points or 2.18% from its previous closing of Rs. 3500.25 on the BSE.
The scrip opened at Rs. 3525.10 and has touched a high and low of Rs. 3594.75 and Rs. 3522.60 respectively. So far 44952 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3594.75 on 09-Jan-2024 and a 52 week low of Rs. 2073.85 on 31-Jan-2023.
Last one week high and low of the scrip stood at Rs. 3594.75 and Rs. 3412.30 respectively. The current market cap of the company is Rs. 492961.13 crore.
The Institutions and Non-Institutions held 63.10% and 36.89% stake in the company.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured an order from HITES (A Mini Ratna PSU) under the Ministry of Health and Family Welfare for its Buildings & Factories (B&F) Business.
The Health Business Unit of the HRC SBG has secured an order to construct a new AIIMS at Rewari (Haryana) on a Design, Engineering, Procurement and Construction (EPC) basis in Q3 FY’24.The facilities will include a 720-bed Teaching Hospital, a 30-bed AYUSH Hospital, an 100 students’ annual intake Medical College, Nursing College, 500-seat Auditorium, Hostel & Residential facilities to be executed within stringent timelines. The total built up area is 1.5 Mn Sq. ft.
The scope of work involves Civil structure, Finishes & allied MEP services including built in Furniture, Supply, Installation, Testing & commissioning of Medical Gas Piping, Modular OT, Pneumatic Tube System, Nurse Call System, Central Sterile Supply Department & external development works including landscaping.
Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
