Larsen & Toubro wins orders valued at Rs.1,726 crore

India Infoline News Service | Mumbai | September 20, 2016, 12:49 IST

The construction arm of L&T has won orders worth Rs.1,726 crore across various business segments.

 has won orders worth Rs.1,726 crore across various business segments.

Heavy Civil Infrastructure Business
The business has secured a prestigious order worth Rs.687 crore in the defence sector.

Smart World & Communication Business
The business has secured an order worth Rs.421 crore from Bharat Sanchar Nigam Limited (BSNL) for engineering, supply, installation, commissioning, operation and maintenance of Wi-Fi hotspots and Wi-Fi offload systems on turnkey basis for the Southern & Western States of India.

The scope of work includes installation of Wi-Fi Access Points (AP), provisioning of bandwidth connectivity to the Access Points (AP) and integration with the existing network.

Water & Effluent Treatment Business
The business has won an engineering, procurement & construction order worth of Rs.245 crore from Pune Municipal Corporation. The project scope involves design, procurement and construction of 63 nos. of RCC elevated storage reservoirs ranging from 0.5 ML to 4.5 ML, 19 nos of RCC ground level storage reservoirs ranging from 0.5 ML to 17.0 ML and related infrastructure works for Pune city.

Power Transmission & Distribution
The Business has bagged engineering, procurement and construction orders worth Rs.373 crores. An order has been secured under Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) from Odisha Power Transmission Corporation Ltd. (OPTCL). The scope includes electrification works in the WESCO utility areas of Odisha.

Another order has been received from Power Grid Corporation of India for the construction of 400kV Double Circuit Mundra – Bhuj Transmission Line in the state of Gujarat.
 
Stock View:
Larsen & Toubro Ltd is currently trading at Rs. 1475.85, down by Rs. 4.35 or 0.29% from its previous closing of Rs. 1480.2 on the BSE.

The scrip opened at Rs. 1482 and has touched a high and low of Rs. 1483 and Rs. 1470.1 respectively. So far 357911 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 138004.11 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1615 on 27-Jul-2016 and a 52 week low of Rs. 1016.6 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 1498.45 and Rs. 1457 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.32 % and 42.62 % respectively.

The stock is currently trading below its 50 DMA.


***Note: This is a NSE Chart

 

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