Larsen & Toubro construction wins a major project for its water and effluent treatment business

 Larsen & Toubro construction wins a major project for its water and effluent treatment business

by 5paisa Research Team Last Updated: Jan 03, 2023 - 01:30 pm 5k Views
Listen icon

The company has bagged repeat orders from the Government of Madhya Pradesh.

On January 03, 2023, the company informed in the exchange filing that it has bagged major orders (Rs 5000-7000 crore) from the Government of Madhya Pradesh to execute two lift irrigation projects to irrigate 2,05,000 Ha of culturable command area covering more than 500 villages of Devas and Dhar districts in the state of Madhya Pradesh on a turnkey basis.

The order includes Survey, Design, Engineering, Procurement, Construction of Pump Houses, Laying of Rising & Gravity Mains, Distribution Network and SCADA for controlling & regulating the entire system. The micro irrigation projects will lift 60 cumecs of water from the Narmada River to irrigate the farmlands benefitting 3,00,000 farmers in the process. The state-of-the[1]art automation system with field instruments and automated valves will ensure a round-the-clock supply of water during the Rabi season.

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 690.00 with a high and low of Rs 741.50 and Rs 689.40. The stock previously closed at Rs 688.60. The stock closed trading today at Rs 734.55, up by 6.67%.

In the last six months, the shares of the company have given 11.61% returns and on a YTD basis, the stock has given -15.66 returns.

The stock has a 52-week high of Rs 920.00 and a 52-week low of Rs 588.00. The company has a ROCE of 142% and an ROE of 48.2% with a market capitalisation of Rs 4,64,602.71 crore.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Marinetrans India IPO lists 15.38% higher and hits upper circuit

Premium listing for Marinetrans India IPO, then upper circuit

Net Avenue Technologies IPO lists 133.33% up but later hits -5% circuit

Strong listing for Net Avenue Technologies IPO, then lower circuit

What you must know about India Shelter Finance IPO?

India Shelter Finance Corporation Ltd was incorporated in 1998 and offers small and mid-ticket home loans. These loans are typically in the size of ₹5 lakhs to ₹50 lakhs. It provides home loans for construction, purchase, extension and also for renovation.