The company announced the new order during trading hours today, 6 February 2012. Meanwhile, the BSE Sensex was up 28.65 points, or 0.16% to 17,633.61. On BSE, 3.26 lakh shares were traded in the counter as against average daily volume of 4.79 lakh shares in the past one quarter. The stock hit a high of Rs 1,395.65 and a low of Rs 1,362.55 so far during the day. The stock had hit a 52-week low of Rs 971 on 21 December 2011. The stock had hit a 52-week high of Rs 1,932.95 on 7 March 2011. The large-cap stock had outperformed the market over the past one month till 3 February 2012, rising 27.77% compared with the Sensex's return of 10.45%. The scrip had, however, underperformed the market in past one quarter, falling 1.96% as against 0.7% gain in the Sensex. India's largest engineering and construction company by order book has an equity capital of Rs 122.42 crore. Face value per share is Rs 2. L&T said the latest road construction contract from GVK group is for design, engineering, procurement and construction for 4 laning of a major portion (235 kilometers) of Shivpuri-Dewas section of National Highway (NH)-3 in Madhya Pradesh. The project is to be completed in 27 months, L&T said in a statement. This project is a part of the phase IV of the National Highway Development Programme (NHDP) and is one of the three mega projects of National Highways Authority of India (NHAI). With this order, L&T Construction is proud to be associated in the construction of all the three mega projects of NHAI, L&T said in a statement. L&T's net profit rose 18% to Rs 991.55 crore on 22.8% growth in net sales to Rs 13998.58 crore in Q3 December 2011 over Q3 December 2010. L&T is a $11.7 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations. Powered by Capital Market - Live News |