L&T rises on securing order for hydrocarbon business
Larsen & Toubro is currently trading at Rs. 3543.15, up by 12.00 points or 0.34% from its previous closing of Rs. 3531.15 on the BSE.
The scrip opened at Rs. 3559.95 and has touched a high and low of Rs. 3582.05 and Rs. 3521.95 respectively. So far 18399 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3948.60 on 03-Jun-2024 and a 52 week low of Rs. 2856.85 on 30-Oct-2023.
Last one week high and low of the scrip stood at Rs. 3582.05 and Rs. 3447.30 respectively. The current market cap of the company is Rs. 487703.82 crore.
The Institutions and Non-Institutions held 62.39% and 37.61% stake in the company respectively.
Larsen & Toubro’s (L&T) Hydrocarbon Business -- L&T Energy Hydrocarbon (LTEH) has secured a prestigious order under its AdVENT Business Vertical from a Government of India Undertaking with Navratna status and a leading fertilizers and chemicals manufacturing company in India.
The project involves the License, Engineering, Procurement, and Construction (L-EPC) of a 1,200 MTPD (DAP basis) NPK fertilizer plant along with associated utilities and off-site facilities for Rashtriya Chemicals and Fertilizers (RCF) at their Thal unit in Raigad district, around 100 km from Mumbai.
LTEH, organized under Offshore, Onshore EPC, Modular Fabrication, Advanced Value Engineering & Technology (AdVENT), Asset Management (AM), and Offshore Wind verticals, provides integrated design-to-build solutions across the hydrocarbon sector for both domestic and international clients. With over three decades of experience, LTEH continues to set global benchmarks in project management, corporate governance, quality, HSE, and operational excellence.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
