L&T rises on signing MoU with TuTr Hyperloop
Larsen & Toubro is currently trading at Rs. 3655.00, up by 19.00 points or 0.52% from its previous closing of Rs. 3636.00 on the BSE.
The scrip opened at Rs. 3630.10 and has touched a high and low of Rs. 3,663.95 and Rs. 3607.00 respectively. So far 22077 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4440.00 on 24-Feb-2026 and a 52 week low of Rs. 3288.65 on 23-Mar-2026.
Last one week high and low of the scrip stood at Rs. 3736.10 and Rs. 3592.65 respectively. The current market cap of the company is Rs. 502476.85 crore.
The Institutions and Non-Institutions held 62.39% and 37.60% stake in the company respectively.
Larsen & Toubro (L&T) has signed a Memorandum of Understanding (MoU) with TuTr Hyperloop, an IIT Madras-incubated deep-tech mobility start-up, to explore opportunities in the development and deployment of next-generation mobility technologies and infrastructure in India. The MoU establishes a framework for jointly exploring and pursuing opportunities in the emerging mobility ecosystem, with project-specific engagements to be undertaken through separate agreements.
The collaboration combines L&T's engineering, procurement and construction expertise with TuTr Hyperloop's capabilities in indigenous electromagnetic propulsion and advanced mobility systems. The two organisations will assess opportunities across a range of infrastructure and technology domains, including Linear Induction Motor-based propulsion systems, vacuum tube infrastructure, pressure management systems, civil and structural works, electrical infrastructure, signalling, telecommunications and systems integration.
The partnership envisages a complementary division of responsibilities spanning technology development, engineering, procurement, manufacturing, construction, installation and testing, as required for individual projects. The organisations will also engage with prospective customers to evaluate technical feasibility, commercial viability and implementation requirements.
