L&T rises as its PT&D business vertical wins grid infrastructure orders in India, abroad
Larsen & Toubro is currently trading at Rs. 3693.40, up by 26.25 points or 0.72% from its previous closing of Rs. 3667.15 on the BSE.
The scrip opened at Rs. 3668.05 and has touched a high and low of Rs. 3704.00 and Rs. 3660.85 respectively. So far 66585 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. 3704.00 and Rs. 3532.50 respectively. The current market cap of the company is Rs. 508068.49 crore.
The Institutions and Non-Institutions held 63.05% and 36.95% stake in the company, respectively.
Larsen & Toubro’s (L&T) Power Transmission & Distribution (PT&D) business vertical has won grid infrastructure orders in India and abroad. The orders include Distribution SCADA and Dynamic Reactive Power Compensation devices. In India, the order pertains to revamping power distribution with SCADA and smart technology integration in two towns. Jobs pertaining to distribution transformer station and conversion of overhead electrical lines into underground cabling are also in the scope.
In UAE, the order pertains to design, delivery and construction of two ±300 MVAr STATCOM systems. These will be installed at the existing 400 kV substations for dynamic reactive power compensation. STATCOM provides automated and instantaneous response to deter system fluctuations, and the power quality improves as it injects or absorb reactive power in real time, thereby stabilising the voltage.
Another order has been received from Oman for establishing a 400/132 kV grid station, along with associated 400 kV transmission line segment. These orders reinforce L&T’s commitment to building future-ready grid infrastructure that supports energy transition and sustainability goals of its valued customers.
Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
