Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  L&T rises with construction arm bagging orders worth Rs 2,547 crore

07-Dec2018

L&T rises with construction arm bagging orders worth Rs 2,547 crore

Larsen & Toubro is currently trading at Rs. 1382.00, up by 2.40 points or 0.17% from its previous closing of Rs. 1379.60 on the BSE.

The scrip opened at Rs. 1388.60 and has touched a high and low of Rs. 1388.60 and Rs. 1371.75 respectively. So far 17881 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. 1176.00 on 14-Dec-2017.

Last one week high and low of the scrip stood at Rs. 1438.95 and Rs. 1,371.75 respectively. The current market cap of the company is Rs. 193471.34 crore.

The Institutions and Non-Institutions holding in the company stood at 57.57% and 42.44% respectively.

Larsen & Toubro's (L&T) construction arm -- L&T Construction has won orders worth Rs 2,547 crore. The company's Power Transmission & Distribution business has secured orders worth Rs 2,547 crore. On the international front, the business has won a major order in Tanzania for the construction of a 220kV Transmission Line between Dar es Salaam and Morogoro which in turn will help electrification of a standard gauge railway line. The business has received two other orders in northern region of Africa for substations from reputed customers. The business has bagged another breakthrough order in Thailand for the supply and construction of a 230kV Gas Insulated Substation that will cater to the Greater Bangkok area.

In India, the business has secured EPC orders for building 132kV Substations and associated Transmission Lines in Jharkhand. Another turnkey order has been secured for the construction of 220kV & 132kV Transmission Lines in West Bengal.

An order for a first of its kind Battery Energy Storage System has been secured from a Navratna Enterprise of Government of India. The 20MW grid interactive solar photovoltaic project integrated with an 8 MWHr energy storage system is to be built in the Andaman & Nicobar Islands. Such large scale energy storage systems facilitate smooth grid integration of renewable generation which is intermittent in nature. The Andhra Pradesh State FiberNet has awarded an order to establish Optical Fiber Network Infrastructure in 4 districts, under the BharatNet Phase - II works.


Related News

View all news

Axis Bank gains on offering home-loan with higher principal repayment component

Axis Bank is currently trading at Rs. 620.00, up by 0.65 points or 0.10% from its previous closing of Rs. 619.35 on the BSE.The scrip opened at Rs. 625.00 and has touched a high and low of Rs. 625.40 and......

IndiGo surges on launching new offer on international flight tickets from Rs 3,299

Interglobe Aviation is currently trading at Rs. 1063.85, up by 36.75 points or 3.58% from its previous closing of Rs. 1027.10 on the BSE.The scrip opened at Rs. 1040.00 and has touched a high and low of......

HUDCO shines on raising funds worth Rs 1980 crore

Housing & Urban Development Corporation is currently trading at Rs. 43.00, up by 0.50 points or 1.18% from its previous closing of Rs. 42.50 on the BSE.The scrip opened at Rs. 42.55 and has touched......

Top News

View all news

Patels Airtemp receives settlement notice from SEBI

Patels Airtemp (India) has received from SEBI, Summary Settlement Notice vide its Letter dated December 12, 2018 for settlement amount of Rs 3,68,156 against violation of Regulation 7(2)(b) of SEBI (Prohibition......

IndiGo in initial discussion with Qatar, Turkish Airlines for global expansion: Report

In order to increase its global footprint, InterGlobe Aviation (IndiGo) is reportedly in preliminary discussion with Qatar Airways and Turkish Airlines. The Budget carrier is looking for interline and......

Talwalkars Lifestyles integrates with Growfitter

Talwalkars Lifestyles has integrated with Growfitter to introduce the country's first ever AI (Artificial Intelligence) based Incentivized Wellness Program. The Growfitter FITKIT Program is a technologically......