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23-May2018

L&T rises on its arm bagging order worth Rs 1,425 crore

Larsen & Toubro (L&T) is currently trading at Rs. 1331.60, up by 11.65 points or 0.88% from its previous closing of Rs. 1319.95 on the BSE.

The scrip opened at Rs. 1317.00 and has touched a high and low of Rs. 1331.60 and Rs. 1315.10 respectively. So far 23618 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. 1,108.12 on 30-Jun-2017.

Last one week high and low of the scrip stood at Rs. 1375.90 and Rs. 1311.00 respectively. The current market cap of the company is Rs. 185384.87 crore.

The Institutions and Non-Institutions held 58.16% and 41.84%, stake in the company, respectively.

L&T's construction arm -- L&T Construction's Transportation Infrastructure business has bagged an order worth Rs 1,425 crore.

The business has secured an order from a prestigious private client for the construction of eight lane Vadodara - Kim Expressway, package I (part of Vadodara Mumbai Expressway) in the state of Gujarat.

The project is to be completed in stringent timeline and involves the construction of 23 Km approximately of eight lane rigid pavement carriageway, 1.6 Km of connecting road, 6 flyovers, 2 interchanges, 2 rail over bridges, 3 major bridges, 8 minor bridges and 18 vehicular/pedestrian/cattle underpasses.

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


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