L&T rises as its arm secures two offshore packages from prestigious overseas client

Larsen & Toubro is currently trading at Rs. 1977.85, up by 17.15 points or 0.87% from its previous closing of Rs. 1960.70 on the BSE.

The scrip opened at Rs. 1978.80 and has touched a high and low of Rs. 1983.60 and Rs. 1961.80 respectively. So far 32089 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1982.95 on 15-Nov-2021 and a 52 week low of Rs. 1306.40 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 1983.60 and Rs. 1896.50 respectively. The current market cap of the company is Rs. 276549.62 crore.

The Institutions and Non-Institutions holding in the company stood at 56.20% and 43.80% respectively.

Larsen & Toubro’s (L&T) wholly owned subsidiary — L&T Hydrocarbon Engineering (LTHE) has secured two offshore packages from a prestigious overseas client. The scope of work comprises EPC for new facilities and integration with existing installations.

The company is currently executing several domestic and international offshore projects. LTHE is also committed to building its regional presence in geographies that it operates by growing local skills and talent, improving procurement from local vendors, engaging commercially with local contractors on the foundation of a sustainable workload.

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

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