L&T trades higher as its construction arm secures multiple orders for Buildings & Factories business
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Larsen & Toubro is currently trading at Rs. 3719.95, up by 50.10 points or 1.37% from its previous closing of Rs. 3669.85 on the BSE.
The scrip opened at Rs. 3685.00 and has touched a high and low of Rs. 3726.90 and Rs. 3670.00 respectively. So far 30560 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3738.90 on 30-Jan-2024 and a 52 week low of Rs. 2122.20 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3726.90 and Rs. 3518.40 respectively. The current market cap of the company is Rs. 511170.53 crore.
The Institutions and Non-Institutions held 63.06% and 36.94% stake in the company respectively.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured multiple orders in the domestic and international markets for its Buildings & Factories (B&F) Business. The Business has secured a contract to construct the Al Namaa General Hospital from the Ministry of Health, Sultanate of Oman. The scope of works includes construction of a 165-bed hospital building (G+4) including basement and ancillary buildings like substations, STP, etc. The project is to be executed in 30 months involving civil structures, finishes, MEP services, medical equipment, and external development, including landscaping.
In the domestic market, the Business secured an order for ‘Construction of Maa Kamakhya Temple Access Corridor, Assam’ on a Design & Build Turnkey Basis from the Assam PWD. The scope of work includes a Multi Utility Building, Pilgrim Management Block, Chinnamasta Block, Siddheshwar Block and Access Corridor for the temple. The other scope of work involves finishes & allied MEP services along with external development within the site premises.
Further, the Business received an order from a subsidiary of a leading Paint Manufacturing Company to construct a polymer manufacturing plant in Gujarat. The scope involves Civil, Structural & Architectural works including External Development Works. Lastly, the Business got an order for a Solar Glass Manufacturing Plant in Gujarat. The scope involves Civil, Structural & Architectural works.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
