Laser Power soars on receiving LoI worth Rs 44 crore from CESC
Laser Power & Infra is currently trading at Rs. 275.00, up by 4.80 points or 1.78% from its previous closing of Rs. 270.20 on the BSE.
The scrip opened at Rs. 270.40 and has touched a high and low of Rs. 276.90 and Rs. 270.00 respectively. So far 3191 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 343.70 on 25-Aug-2026 and a 52 week low of Rs. 250.00 on 16-Jul-2026.
Last one week high and low of the scrip stood at Rs. 285.25 and Rs. 257.35 respectively. The current market cap of the company is Rs. 3848.20 crore.
The promoters holding in the company stood at 75.30%, while Institutions and Non-Institutions held 11.64% and 13.05% respectively.
Laser Power & Infra has received a Letter of Intent (LoI) worth Rs 44 crore (inclusive of GST) from CESC. The LoI is for execution of EPC works for Kabitirtha Distribution Station, 33Kv & 220kV UG Cabling in CESC Areas. The order is to be executed by March 2027.
A key component of the order involves the execution of a 220 kV underground cable circuit between West Bengal State Electricity Transmission Company's (WBSETCL) Howrah Substation and CESC’s Botanical Garden Substation. The project marks Laser Power & Infra’s entry into 220 kV underground transmission cable execution, adding an important new project credential to its EPC portfolio.
