L&T plunges after exiting Kachchigarh project

Larsen & Toubro is trading on a weak note in early morning deals on the BSE, on reports that the company has exited the project to develop a port at Kachchigarh in Gujarat citing environmental concerns.

The stock slipped to a low of Rs. 1,671 and is now down 3 percent at Rs. 1,687.

The counter has seen trades of around 64,000 shares as against the two-week daily average volume of 136,000 shares.

Meanwhile, the BSE Sensex has slumped 840 points at 26,519.