L&T surges with its production arm securing contract from MGBM

L&T surges with its production arm securing contract from MGBM

by admin- Thursday, May 2nd, 2019 03:35:52 PM

Larsen & Toubro is presently trading at Rs. 1368.Ninety five, up by means of 21.20 factors or 1.Fifty seven% from its previous ultimate of Rs. 1347.Seventy five at the BSE.

The scrip opened at Rs. 1352.50 and has touched a high and coffee of Rs. 1373.50 and Rs. 1342.10 respectively. So a long way 38161 shares were traded at the counter.

The BSE institution ‘A’ stock of face cost Rs. 2 has touched a 52 week excessive of Rs. 1459.10 on 21-Dec-2018 and a fifty two week low of Rs. 1183.Forty on 23-Oct-2018.

Last one week high and occasional of the scrip stood at Rs. 1381.00 and Rs. 1340.10 respectively. The modern-day marketplace cap of the business enterprise is Rs. 191325.27 crore.

The Institutions and Non-Institutions held fifty seven.Eighty three% and forty two.17% stake respectively in the organisation.

Larsen & Toubro’s (L&T) creation arm — L&T Construction’s Metallurgical & Material managing Business has been offered a huge order from MA’ADEN Gold and Base Metal Company (MGBM), completely owned subsidiary of Saudi Arabia Mining Company (MA’ADEN) for putting in place Mansourah Massarrah Gold project.

This (EPC) Engineering, Procurement & Construction order for Gold processing plant in the Kingdom of Saudi Arabia, secured towards stiff international competition is the biggest unmarried EPC order for the Metallurgical enterprise in International market.

Mansourah Massarrah gold assignment once commissioned will be the most important capability gold processing plant for MA’ADEN. This undertaking may be developed in consortium with OUTOTEC based totally on the trendy Pressure Oxidation Technology (PDX) and might be certainly one of its kind inside KSA.

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