52-week high alert in this multibagger: Infrastructure giant bags order from Chambal Fertilisers and Chemicals!
The stock has risen over 15 per cent in the last 6 months.
On April 10, 2023, Larsen & Toubro Limited informed in the exchange filing that the company’s hydrocarbon business has bagged significant order ranging between Rs 1,000 – 2,500 crore.
The order is for license plus engineering, procurement and construction (L - EPC) of technical ammonium nitrate (TAN) plant along with weak nitric acid (WNA) plant at Gadepan, Kota, Rajasthan from Chambal Fertilisers and Chemicals Limited (CFCL), a leading fertilizer company in India.
The TAN and WNA plants, having capacities of approximately 240,000 Metric Tons (MT) p.a. and 2,10,000 MT p.a. respectively, will be built under a technology license from CASALE S.A., a privately owned Swiss Company headquartered in Lugano, Switzerland. Previously, the company secured orders worth more than Rs 7,000 crore from the middle east.
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 2275.75 with a high and low of Rs 2319.65 and Rs 2275.75. The stock previously closed at Rs 2274.75. Currently, the stock is trading at Rs 2309.75, up by 1.54 per cent. It has a 52-week high of Rs 2319.65 and a 52-week low of Rs 1456.80. The stock has delivered multibagger returns of more than 170 per cent in the last three years.