Share Market Investment: This company got a deal worth 7 thousand 628 crores, stocks can become rocket tomorrow, know the details…

Share Market Investment: Larsen & Toubro Limited has recently signed an important agreement with the Ministry of Defence. Under this agreement, K9 Vajra automatic cannons will be purchased for the Indian Army at a total cost of Rs 7,628 crore. This cannon is equipped with state-of-the-art technology (Share Market Investment).

It has the ability to fire accurately over long distances, which will help in strengthening the offensive capability of the Indian Army. According to reports, the ministry is purchasing more than 100 Vajra guns, most of which will be deployed along the Line of Actual Control (LAC).

L&T share price

On Friday, shares of Larsen & Toubro closed at Rs 3,630.60 with a fall of Rs 82.35 or 2.22 percent. The highest price of the share in 52 weeks was Rs 3 thousand 963.00. The lowest price was Rs 3 thousand 175.50. L&T has given returns of 101.94 percent in the last three years and 176.67 percent in the last five years.

Order received from Defense Ministry (Share Market Investment)

The Defense Ministry has recently signed an important agreement with L&T for the procurement of 155 mm/52 caliber K9 Vajra-T automatic guns for the Indian Army. This purchase is being made under the 'Make-in-India' initiative and will strengthen the self-reliance of India's defense sector.

The government says that the K9 Vajra-T guns will accelerate the modernization of the Indian Army's artillery and will also increase its high level operational readiness.

The specialty of this cannon is its cross-country mobility and precision attack capability, which is capable of operating in all types of physical conditions. This cannon can work with full capacity even in high altitude areas.