The company is involved in engineering, construction, and manufacturing operations worldwide. The company has a market cap of Rs. 4,26,797 crore and is 1% away from its 52 week high and just today making a new high at Rs. 3058.35.
Today the volumes for the stock have been 0.7x the weekly and the monthly average volumes respectively. The stock is 5.3% and 28.5% above its 20 day and 200 day moving averages respectively. The stock is on a steady uptrend since July 2022 and has given 80% returns since.
L&T classifies Significant orders as orders worth Rs. 1000 to 2500 crore; Large orders range from Rs. 2500 to 5000 crore; Major value orders are those that range from Rs. 5000 to 7000 crore. Mega Value projects are those that exceed Rs. 7000 crore.
For the design and construction of an underground road tunnel project between Orange Gate, Eastern Freeway, and Marine Drive Coastal Road in Mumbai, a prestigious client of L&T’s – Mumbai Metropolitan Region Development Authority (MMRDA) has awarded a massive order to the Heavy Civil Infrastructure business vertical of L&T Construction.
The major scope of work for the project comprises design & construction of twin road tunnels, using Tunnel Boring Machines (TBMs), connecting these tunnels to the existing elevated Eastern Freeway at Orange Gate near its southern terminal through transition ramps and to the Marine drive at Mumbai.
The project alignment will run primarily under the Sardar Vallabhbhai Patel Road and is to be completed within 54 months. L&T has significantly enhanced its capability of building faster and reliable mass transit systems and this project is in line with the company’s strategic goals.
As a USD 23 billion Indian multinational company, Larsen & Toubro is involved in EPC Projects, Hi-Tech Manufacturing, and Services. It operates internationally in more than 50 nations. L&T has been able to achieve and maintain leadership in its major business sectors for eight decades thanks to a strong, customer-focused approach and a never-ending pursuit of world-class quality.
Written by Sandeep R
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