Monthly Call

L & T

Current Market price: 2363

Target 1: 2422

Target 2: 2459

Current Quote of L & T

Larsen & Toubro Limited (L&T) has won a repeat order valued at over $70 million for construction of two ships from RollDock BV of Netherlands. The vessels will be built at the existing shipyard that is a part of the engineering complex at Hazira, Surat. RollDock, the Rotterdam-based shipping company, caters to special purpose cargo movements. Its management has expressed their desire to continue the company's association with L&T for its future vessel acquisition programme. They have also signed an agreement that includes options for more vessels of the same series to be built later this year. The vessels will be delivered by May 2010.

This news will put this stock in hot position in coming recent future.

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