Larsen & Toubro is currently trading at Rs. 951.00, up by 20.00 points or 2.15% from its previous closing of Rs. 931.00 on the BSE.
The scrip opened at Rs. 937.50 and has touched a high and low of Rs. 964.90 and Rs. 937.50 respectively. So far 119811 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1591.60 on 05-Jul-2019 and a 52 week low of Rs. 661.05 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 973.85 and Rs. 913.35 respectively. The current market cap of the company is Rs. 133461.00 crore.
The Institutions holding in the company stood at 55.27% and Non-Institutions held at 44.72%.
Larsen & Toubro’s (L&T) construction arm — L&T construction has bagged an order for its Heavy Civil Infrastructure Business from the Irrigation and Command Area Development Department (I&CAD), Government of Telangana, which is undertaking the Sita Rama Lift Irrigation scheme to irrigate a command area of about 9.36 lakh acres in the districts of Khammam, Kothagudem and Mahabubabad.
The project will involve the construction of a 1263 m long barrage, 65 radial gates with rope drum hoist arrangements and all related mechanical works, construction of 96.4 km of guide bunds and hoisting arrangements on either side of the barrage with protection arrangements across the river Godavari, downstream of the existing Dummugudem anicut near Ammagaripalli(v), Aswapuram(M), Bhadradri Kothagudem districts to be delivered within a stringent timeline of 24 months.
The purpose of the project is to augment the storage capacity of the Dummugudem Anicut by raising the pond level of the 1550 m length of the existing Anicut from the present level at El. +49.69 m to El. +63.0 m by converting it into a barrage with storage capacity of 36.57 TMC.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.