L&T rises as its Heavy Civil Infrastructure vertical bags order from JSW Energy
Larsen & Toubro is currently trading at Rs. 3676.00, up by 21.90 points or 0.60% from its previous closing of Rs. 3654.10 on the BSE.
The scrip opened at Rs. 3654.40 and has touched a high and low of Rs. 3709.00 and Rs. 3654.40 respectively. So far 51905 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3963.00 on 10-Dec-2024 and a 52 week low of Rs. 2967.65 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 3709.00 and Rs. 3605.90 respectively. The current market cap of the company is Rs. 505547.74 crore.
The Institutions and Non-Institutions held 62.75% and 37.25% stake in the company respectively.
Larsen & Toubro’s Heavy Civil Infrastructure (HCI) business vertical has secured an order from JSW Energy for the execution of Bhavali Pumped Storage Project (PSP) in the state of Maharashtra. The project is strategically located across the Nashik and Thane districts of Maharashtra and is designed to have a total installed capacity of 1500 MW, comprising various small units.
The scope of work encompasses complete execution of all civil works related to the project, including construction of approach roads, upper and lower reservoirs, water conductor system, pressure tunnels, and the underground powerhouse unit.
The order reaffirms the company’s proven capabilities in delivering complex hydroelectric infrastructure and reinforces its position as a key enabler in India's quest for renewable energy. Pumped storage projects like the Bhavali PSP are pivotal to grid stability, particularly in the context of growing integration of variable renewable energy sources.
Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
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