Larsen & Toubro is currently trading at RS 3400.50, up by 113.25 points or 3.45% from its previous closing of RS 3287.25 on the BSE.

The stock opened at RS 3319.95 and touched a high of RS 3413.00 and a low of RS 3311.75. So far, 45,932 shares have been traded on the counter.

The BSE group 'A' stock, with a face value of RS 2, hit a 52-week high of RS 3963.00 on December 10, 2024, and a 52-week low of RS 3175.50 on June 5, 2024.

Over the past week, the stock recorded a high of RS 3628.80 and a low of RS 3270.20. The company’s current market capitalization stands at RS 4,69,058.45 crore.

Institutional and non-institutional investors hold 62.66% and 37.35% stakes in the company, respectively.

L&T Secures New Order in MENA Region

Larsen & Toubro’s (L&T) Minerals & Metals business vertical has secured an order from a client in the Middle East & North Africa (MENA) region to set up a pellet plant and a direct reduction of iron (DRI) plant. The estimated project cost is between RS 5000 crore and RS 10000 crore.

This order is part of a larger contract previously secured from a leading steel producer in MENA and aligns with global initiatives for decarbonization.

The scope of work includes designing and building pellet and DRI plants, encompassing engineering, supply, erection, and construction based on globally recognized technologies. L&T has been instrumental in several landmark iron and steel manufacturing plants worldwide, and these new projects reaffirm its expertise in delivering large-scale design-build steel plants.

L&T’s Minerals & Metals vertical provides world-class, end-to-end solutions in the EPC domain across sectors such as mining, mineral processing, industrial products, and metallurgical plants. Its product business offers cost-effective, comprehensive solutions for industries including mining, cement, construction, steel, fertilizers, and ports.

Larsen & Toubro is an Indian multinational company engaged in technology, engineering, construction, manufacturing, and financial services.