L&T trades in green on the BSE

L&T is currently trading at Rs. 1339.15, up by 38.75 points or 2.98% from its previous closing of Rs. 1300.40 on the BSE. The scrip opened at Rs. 1299.75 and has touched a high and low of Rs. 1343.30 and Rs. 1288.50 respectively. So far 128937 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1387.85 on 23-Apr-2014 and a 52 week low of Rs. 678.10 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 1313.65 and Rs. 1251.60 respectively. The current market cap of the company is Rs. 124036.31 crore. The Institutions and Non-Institutions held 55.07% and 42.25% respectively. The Heavy Civil Infrastructure Business of L&T Construction, subsidiary of Larsen and Toubro (L&T) has secured an order worth $740 million from Qatar Railways Company. The order is for the design and construction of the Gold Line of the Doha Metro project in Qatar. The contract was signed in the presence of Eng Saad AL Muhannadi, CEO of Qatar Railways Company. L&T secured the order along with its joint venture partners Aktor - Greece, Yapi Merkezi Insaat - Turkey, STFA Group - Turkey and Al Jaber Engineering - Qatar. The total value of order for the joint venture is $3.3 billion. The project is scheduled to be completed in 54 months. The contract includes the design and construction of twin tunnels for an approximate length of 11 Km and nine underground metro stations including architectural finishes and mechanical, electrical and plumbing works. This Metro project is among the key infrastructure projects of national interest as per the Qatar National Vision 2030.