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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.


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