This infrastructure giant bags a large order from Vedanta group!
The stock has returned more than 15 per cent in the last 6 months.
On March 29, 2023, Larsen & Toubro Limited informed in the exchange filing that the company has bagged a large order ranging between Rs 2,500 – 5,000 crore.
The order involves Setting up a 5 LTPA Fertiliser Plant for Hindustan Zinc Limited (a Vedanta Group Subsidiary). The order is bagged on an EPC basis and involves setting up of a 1.8 LTPA phosphoric acid plant and a 5.1 LTPA di ammonia phosphate plant (DAP) at Chanderiya, Rajasthan within the premises of the existing main plant.
The second order involves expanding the capacity of the aluminium smelter complex at BALCO Korba, Chhattisgarh by 435 KTPA for Bharat Aluminium Company Limited (a Vedanta Group Subsidiary). The major scope of work involves critical pot shell fabrication, assembly and installation including civil, structural and equipment installation works.
Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries and Defence - for customers in many countries around the world.
Today, the stock opened at Rs 2134 with a high and low of Rs 2159.05 and Rs 2122.95. The stock previously closed at Rs 2133.15. Currently, the stock is trading at Rs 2140.20, up by 0.33 per cent. The stock has a 52-week high of Rs 2297.30 and a 52-week low of Rs 1456.80.