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L&T gains on wining power project order in Bihar

Mumbai : Larsen & Toubro (L&T) is currently trading at Rs. 1555.30, up by 15.30 points or 0.99 % from its previous closing of Rs. 1540.00 on the BSE. The scrip opened at Rs. 1542.50 and has touched a high and low of Rs. 1561.45 and Rs. 1542.50 respectively. So far 9338 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1606.70 on 28-May-2019 and a 52 week low of Rs. 1183.40 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1570.00 and Rs. 1495.50 respectively. The current market cap of the company is Rs. 216076.06 crore. The Institutions holding in the company stood at 57.83%, while and Non-Institutions held 42.17%. Larsen & Toubro’s (L&T) Power business has bagged a mega engineering, procurement and construction (EPC) order from SJVN Thermal to set up a 2×660 MW ultra-supercritical power plant in Buxar district in the state of Bihar.

The scope of work for L&T includes Design, Engineering, Manufacture, Procurement, Supply, Construction, Erection, Testing a Commissioning of Buxar Thermal Power Project (2×660 MW), on turnkey basis, covering steam generator, steam turbine generator, electrostatic precipitator, NOx control system, flue gas desulphurization (FGD) system and complete balance of plant (BoP) systems including raw water intake system, make-up water system, coal & ash handling system, ash dyke, complete E&I system including switchyard and complete civil, structural and architectural works. L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

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