L&T trades in green on the bourses

L&T is currently trading at Rs. 1143.50, up by 45.25 points or 4.13% from its previous closing of Rs. 1096.55 on the BSE.

The scrip opened at Rs. 1118.00 and has touched a high and low of Rs. 1152.00 and Rs. 1118.00 respectively. So far 3,94,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1152.00 on 09-Dec-2012 and a 52 week low of Rs. 678.10 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 1099.05 and Rs. 1033.50 respectively. The current market cap of the company is Rs. 1,05,808 crore.

The Institutions and Non-Institutions held 52.61% and 44.43% respectively.

L&T Construction has won new orders worth Rs 1471 crore across various business segments in November & December 2013. In Power Transmission & Distribution Business, the company has bagged the orders valued Rs 686 crore in both domestic & international markets. A' major international order was bagged by Larsen & Toubro Saudi Arabia LLC, a fully owned subsidiary of Larsen & Toubro for construction of a 132 kV transmission line and connection of Al-Dawadmi S/S to the 132 kV Riyadh Network.

The order includes construction of a 78 km new 132 kV Double Circuit Overhead Transmission Line; 7 km of re-conductoring an existing 132 kV OHTL with Special Non-Gap Conductors of high current carrying capacity; 132 kV EHV Cabling of approximately 4 RkMs; Protection, SCADA and Telecommunication works associated with Al-Dawadmi S/S. The scope involves complete engineering, supply, installation and commissioning of 132 kV towers, conductors, insulators, OPGW, and fittings. The project will be completed in 22 months.

On the domestic front, a turnkey order was won from Transmission Corporation of Andhra Pradesh for setting up a 400 kV Double Circuit transmission line between Veltoor to Yemmiganoor. Another order was won from Power Grid Corporation of India for setting up a 765/400 kV GIS Substation. The contract includes onshore supply, installation, construction of civil buildings & commissioning works. L&T Construction also secured an order from Tamil Nadu Transmission Corporation for establishing a 230/110/33kV GIS Substation in Chennai on a total turnkey basis that is meant for transmitting Power to the prestigious Chennai Metro Rail Project.

The Buildings & Factories Business, the company has bagged new orders worth Rs 461 crore for a construction of cement plant in Chittapur, Karnataka from a reputed customer. The scope includes plant's structural fabrication and erection works along with its associated activities.

Additional orders have also been received from various ongoing projects. The Water & Renewable Energy business, the company has bagged an order worth Rs 142 crore from Karnataka Urban Water Supply & Drainage Board for providing, laying, jointing, testing & commissioning of waste water network under the 2nd stage Waste Water Scheme to Tumkur City. The Heavy Civil Infrastructure Business, the company bagged additional orders valued Rs 182 crore from its ongoing jobs.