L&T rises as its construction arm secures orders for Water & Effluent Treatment Business
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Larsen & Toubro is currently trading at Rs. 3099.00, up by 25.05 points or 0.81% from its previous closing of Rs. 3073.95 on the BSE.
The scrip opened at Rs. 3089.75 and has touched a high and low of Rs. 3099.70 and Rs. 3072.65 respectively. So far 9070 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. 1858.00 on 12-Oct-2022.
Last one week high and low of the scrip stood at Rs. 3114.00 and Rs. 2990.05 respectively. The current market cap of the company is Rs. 435610.54 crore.
The Institutions and Non-Institutions held 63.54% and 36.46% stake in the company respectively.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured contracts for its Water & Effluent Treatment (WET) Business. The WET business has secured an Engineering, Procurement and Construction order from the Public Health Engineering Department, Rajasthan to construct a Water Supply Project for 648 villages of the District of Chittorgarh from the Chambal River under the Jal Jeevan Mission (Package-I).
The scope of the project includes Intake Structures, 3 Water Treatment Plants of aggregate capacity 175 MLD, Transmission and Distribution pipelines of 1800 Km, 13 Clear water reservoirs of aggregate capacity 21600 KL, 13 Pump House, 31 Over Head Service Reservoirs of aggregate capacity 4850 KL and 22,000 Functional Household Tap Connections along with associated Electromechanical & Instrumentation Works. The project also includes automation and SCADA work including Operation & Maintenance for 10 Years.
The business has also secured an order from the Guwahati Water Supply and Sewerage Board, Assam for Construction & Commissioning of balance works of 107 MLD Capacity South Guwahati West Water Supply Project. The scope of work includes 84 Kms of DI pipeline, 3 Kms of MS Pipeline, 4 pre-settling tanks along with associated electrical, mechanical & instrumentation works for existing WTP. The project will cater to the water demands of the western part of South Guwahati city.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
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