L&T spurts on securing multiple contracts for Hydrocarbon Business

Larsen & Toubro is currently trading at Rs. 2215.00, up by 44.05 points or 2.03% from its previous closing of Rs. 2170.95 on the BSE.

The scrip opened at Rs. 2161.10 and has touched a high and low of Rs. 2215.80 and Rs. 2161.10 respectively. So far 25919 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2297.30 on 20-Jan-2023 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. 2221.80 and Rs. 2122.95 respectively. The current market cap of the company is Rs. 308503.34 crore.

The Institutions holding in the company stood at 63.28%, while Non-Institutions held 36.69%.

Larsen & Toubro (L&T) has secured multiple offshore packages for its Hydrocarbon Business from a prestigious client in the Middle East. The scope of work comprises engineering, procurement, construction & installation for various new offshore facilities and integration with existing installations.

The Business is executing several domestic and international offshore projects and is committed to building its regional presence in geographies that it operates in, by nurturing local skills & talent, and enhancing engagement with local vendors and contractors.

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

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