Larsen & Toubro (L&T) shares gained on Tuesday after its subsidiary L&T Special Steels and Heavy Forgings (LTSSHF) has entered into a technology transfer agreement with The Japan Steel Works.

The five year agreement covers transfer of critical technology for steel melting & heavy forgings made from ingots weighing up to 200 MT, for hydrocarbon, thermal power, steel and cement sectors. The news technology collaboration supports L&T's commitment to remain at the forefront of manufacturing technology across key sectors.

Shares of the company are trading at Rs 1,565, up Rs 20.8, or 1.35% at the Bombay Stock Exchange (BSE) on Tuesday at 11:47 a.m.

The scrip has touched an intra-day high of Rs 1,574.55 and low of Rs 1,522.80. The total volume of shares traded at the BSE is 126,595.

In the earlier session, the shares climbed 2.16%, or Rs 32.6, at Rs 1,544.20.

Currently, the stock is trading down 3.56% from its 52-week high of Rs 1,622.70 and above 130.79% over the 52-week low of Rs 678.10.