Introduction:
Leading infrastructure and engineering company has secured a ₹10,000 crore expansion project in the MENA region. The project involves building a Pellet Plant and DRI Plant, contributing to the global decarbonisation initiative with advanced design-build operations.
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Share price movement of L&T:
On February 4, 2025, Larsen & Toubro Ltd opened at ₹3,319.95, up 0.99% from its previous close of ₹3,287.25. The stock reached a high of ₹3,396.95 (3.14%) and a low of ₹3,311.75. By 11:03 AM, it traded at ₹3,390.55, a 3.14% increase, with a market cap of ₹4,66,244.92 crore.
L&T Secures Major ₹10,000 Crore Expansion Project:
Larsen & Toubro’s Minerals & Metals (M&M) business vertical has been awarded a significant ₹10,000 crore expansion project to build a Pellet Plant and Direct Reduction of Iron (DRI) Plant for a leading steel producer in the MENA region.
The project is part of a global initiative towards decarbonisation and includes design-build operations encompassing engineering, supply, erection, and construction based on world-class technologies. L&T’s expertise in delivering iron and steel plants globally is reaffirmed with this order.
L&T’s M&M vertical has established itself as a leader in executing complex iron and steel plant projects, with this expansion further demonstrating the company’s commitment to delivering high-quality, safe, and timely projects in the MENA region.
Recent news on L&T:
As of January 30, 2025, Larsen & Toubro Ltd reported a net profit of ₹3,359 crore, a 14% growth. Consolidated revenue reached ₹64,668 crore, up 17%, driven by strong order book and international execution in its Projects and Manufacturing sectors.
Stock performance of L&T for Period of 1 week, 6 months and 1 year:
Larsen & Toubro Ltd has experienced a 3.65% decline over the past week and a 7.44% decrease over the last six months. However, the stock has shown a modest 1.57% drop over the past year, reflecting steady performance amid challenges.
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Shareholding pattern of L&T:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 0% | 0% | 0% |
| FII | 20.80% | 21.70% | 22.90% |
| DII | 42.00% | 40.80% | 39.30% |
| Public | 37.20% | 37.50% | 37.90% |
About L&T:
Larsen & Toubro Ltd (NSE: LT) is a multinational conglomerate offering engineering, procurement, and construction (EPC) solutions across sectors such as infrastructure, hydrocarbon, power, defense, IT, and financial services in both domestic and international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
