L&T moves up as its construction arm bags contracts for buildings & factories business

Larsen & Toubro is currently trading at Rs. 1665.25, up by 2.55 points or 0.15% from its previous closing of Rs. 1662.70 on the BSE.

Larsen Toubro
Larsen Toubro

The scrip opened at Rs. 1658.80 and has touched a high and low of Rs. 1672.20 and Rs. 1650.00 respectively. So far 28671 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2078.20 on 18-Jan-2022 and a 52 week low of Rs. 1456.80 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1702.00 and Rs. 1552.20 respectively. The current market cap of the company is Rs. 233816.16 crore.

The Institutions and Non-Institutions holding in the company stood at 56.14% and 43.86% respectively.

Larsen & Toubro’s (L&T) construction arm — L&T construction has been awarded contracts for its Buildings & Factories (B&F) Business. B&F has secured orders from renowned Data Center Service providers to construct Data Centers of a total capacity of 10.8 MW at Mumbai and Navi Mumbai within stringent timelines.

The scope involves Design, Build, Supply, Installation, T&C works for the Data Center and allied buildings including fit outs. The scope also includes systems such as the HVAC, elevators, Electrical, Fire Fighting Systems, Public Health Engineering, Networking & Security Systems, Building Management System.

Site Development, Road, Boundary wall, Landscaping, etc. will be carried out too. This order marks an important milestone in L&T’s venture to spearhead the design and build of data centers in India.

B&F has also secured a repeat order from a prestigious client to construct commercial office space of an approximate built-up area of 1 million Sq. ft at Hyderabad. Further, the business has secured an order for the Engineering, Procurement & Construction of the ‘Statue of Oneness’ – The Statue of Adi Shankaracharya at Omkareshwar in District Khandwa, Madhya Pradesh from the Madhya Pradesh State Tourism Development Corporation.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

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