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L&T surges as its arm commences executing contract by its Heavy Civil Infrastructure Business

  • bitnet infotech
  • August 17, 2020
  • 5:19 am

Larsen & Toubro is currently trading at Rs. 995.25, up by 13.10 points or 1.33% from its previous closing of Rs. 982.15 on the BSE.

The scrip opened at Rs. 1002.30 and has touched a high and low of Rs. 1007.00 and Rs. 988.10 respectively. So far 70761 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1554.05 on 23-Sep-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. 1017.40 and Rs. 925.00 respectively. The current market cap of the company is Rs. 139701.47 crore.

The Institutions and Non-Institutions held 54.82% and 44.67% stake respectively in the company.

Larsen & Toubro’s (L&T) construction arm — L&T construction has commenced executing a (Significant) contract by its Heavy Civil Infrastructure Business.
The Heavy Civil Infrastructure Business of L&T construction has started mobilising resources and is all set to execute a hydro-electric project in the state of Assam for Assam Power Generation Corporation. The project involves Engineering, Procurement, Construction and Commissioning of Project Infrastructure, Civil and Hydromechanical Works.

The scope involves construction of all components of 120MW Lower Kopili Hydro-electric Project viz Roads, 65 mtr High Concrete Gravity Dam, Power Intakes, Surface Powerhouse and a 3.6 km long Head Race Tunnel.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

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