L&T Construction Wins Orders, Share Hits 52-Week High

The Power Transmission & Distribution business of L&T Construction has secured key orders in the Middle East region. In the United Arab Emirates, the business has received an order for Engineering, Supply, Construction, Installation, Testing and Commissioning a 400/132kV Substation. The scope also includes associated Transformer, Reactor and Substation Control & Monitoring Systems (SCMS).

In Kuwait, the business has won an order to establish 400kV Overhead Transmission Lines along with associated 400kV Underground Cable interconnections. This transmission segment of more than 100KM route length will help to evacuate and generate power.

Additional orders have been won in ongoing substation orders in the region.

Larsen & Toubro is a USD 23 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

Larsen & Toubro Ltd Share Performance & Return: Last trading price of Larsen & Toubro share on BSE is Rs 3536.95 per share with intraday fall of 0.19%. The stock's 52-week high price is Rs 3559.75 per share and 52-week low price is Rs 2058.10 per share, respectively. The company has a market capitalisation of Rs 4,97,111.37 crore. L&T shares jumped 16.03% in last 1-month, rose 17.5% in last 3-months, soared 46% in last 6-months, and offered return of 69% year-to-date. In last 1-year, L&T shares gained 67% and rallied 86% in last 2-years.

Earlier on Wednesday, construction arm of Larsen & Toubro said that it has been chosen as the turnkey Engineering, Procurement and Construction contractor to establish various systems related to renewable energy generation and utilities, for the AMAALA project in the Red Sea region, Saudi Arabia. L&T shares gained 1.21% intraday and offered return of 180% in last 3-years. Larsen & Toubro shares witnessed a rally of 69% year-to-date.