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27-Mar2018

L&T gains with arm bagging orders worth Rs 747 crore from NPCIL

Larsen & Toubro (L&T) is currently trading at Rs. 1306.25, up by 11.10 points or 0.86% from its previous closing of Rs. 1295.15 on the BSE.

The scrip opened at Rs. 1303.55 and has touched a high and low of Rs. 1314.55 and Rs. 1301.35 respectively. So far 26985 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1469.60 on 01-Feb-2018 and a 52 week low of Rs. 1025.08 on 27-Mar-2017.

Last one week high and low of the scrip stood at Rs. 1320.00 and Rs. 1262.60 respectively. The current market cap of the company is Rs. 182647.49 crore.

The Institutions holding in the company stood at 57.81%, while Non-Institutions held 42.19% stake in the company.

Larsen & Toubro's (L&T) Heavy Engineering arm has received orders worth Rs 747 crore from Nuclear Power Corporation of India (NPCIL) to supply Steam Generators and End Shields for its indigenously designed 700MWe Pressurized Heavy Water Reactors (PHWR) to be set up at Gorakhpur Haryana Anu Vidyut Pariyojana (GHAVP) in Fatehabad district of Haryana.

These Steam Generators and End Shields will be manufactured at L&T's integrated, state-of-the-art Hazira manufacturing complex in Gujarat, which is one of the largest of its kind in South Asia. Steam Generator is a critical equipment of the nuclear power facility that generates steam by using heat produced in a reactor core, while End-Shield is used to prevent the direct radiation coming out from a reactor core.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $17 billion in revenue.


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