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 Larsen & Toubro stocks 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.
In a filing dated 5th October 2023 which was filed half hour after markets opening, L&T announced that the Buildings & Factories business of Larsen & Toubro has secured various orders in the large category under its various business units.
The company has secured an order to construct a residential township in Bengaluru involving the construction of 3,627 apartments spread across 19 Towers having configuration of 3 Basements + Ground + 23 to 41 Floors, 88 Villas along with club houses, swimming pools and other amenity structures. The total built up area will be approximately 9.7 million sq.ft.
The company also secured orders from a reputed developer to construct Commercial Towers in Hyderabad. The scope of work includes construction of 2 buildings (2B+G+6P+1T+15 Floors and 3B+LG+UG+4P+1T+14 Floors) with a combined built-up area of 4.2 million square feet. In addition, the company has bagged an order from the Indian Institute of Technology, Kanpur to construct a Super Specialty Hospital & Academic Block as part of the Gangwal School of Medical Sciences and Technology.
This will be the first super-specialty hospital with a medical college campus in India. This campus will play an important role in IIT Kanpur’s medical research and help train next generation medical personnel. The project involves construction of a 500 bedded Hospital block (G+5 floors) & Academic Block (G+5 floors).
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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