L&T trades higher on securing offshore order from ONGC
Larsen & Toubro is currently trading at Rs. 3971.90, up by 11.90 points or 0.30% from its previous closing of Rs. 3960.00 on the BSE.
The scrip opened at Rs. 3943.60 and has touched a high and low of Rs. 4020.90 and Rs. 3940.15 respectively. So far 53928 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. 4027.00 and Rs. 3,940.15 respectively. The current market cap of the company is Rs. 546899.89 crore.
The Institutions and Non-Institutions held 62.39% and 37.60% stake in the company respectively.
Larsen & Toubro’s (L&T) business vertical -- L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured a large offshore order from the Oil & Natural Gas Corporation (ONGC) for the Additional Development of Ratna-I (ADR I) and NLM-14 project off India's west coast. The company has categorized the order as large, with a value between Rs 2,500 to 5,000 crore.
The project involves engineering, procurement, construction, installation and commissioning (EPCIC) of three new well-head platforms, one riser platform, multiple segments of subsea pipelines and cables, and brownfield modifications to existing offshore installations. The project is aimed at enhancing production and supporting the continued development of ONGC's offshore assets in the region.
