L&T moves up as its construction arm secures order from GMR Visakhapatnam International Airport
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Larsen & Toubro is currently trading at Rs. 2951.75, up by 43.60 points or 1.50% from its previous closing of Rs. 2908.15 on the BSE.
The scrip opened at Rs. 2944.95 and has touched a high and low of Rs. 2961.00 and Rs. 2928.75 respectively. So far 12721 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3114.00 on 05-Oct-2023 and a 52 week low of Rs. 1970.15 on 10-Nov-2022.
Last one week high and low of the scrip stood at Rs. 2983.05 and Rs. 2856.85 respectively. The current market cap of the company is Rs. 405732.14 crore.
The Institutions and Non-Institutions held 63.10% and 36.89% stake in the company respectively.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured a prestigious project for its Buildings & Factories and Transportation Infrastructure businesses from the GMR Visakhapatnam International Airport for the Engineering, Procurement and Construction of the Greenfield Bhogapuram International Airport at Bhogapuram, Andhra Pradesh. The project will initially be developed to handle 6 MPA (million passengers per annum) capacity to be further enhanced to a capacity to handle 12 MPA.
The key development works includes cut & fill works, terminal works with airports systems, ATC tower, airfield development works (South Runway 3800m Length, Apron, Taxiways, Airfield Ground Lighting, Fuel Hydrant works & other facilities), landside facilities (roads, landscapes, etc.), utilities & other support facilities.
The company is presently executing the construction works of major airports at Delhi, Hyderabad, Bangalore, Chennai and Navi Mumbai. The order further reinforces L&T’s capability to deliver a Greenfield airport project end-to-end and affirms the company’s EPC capabilities and strengthens the trust and satisfaction reposed by customers demonstrated by this repeat order from GMR.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
