This Indian Multinational Conglomerate, which is one of the leading players in domestic and International Markets, for providing EPC Solutions for multiple sectors, receives multiple orders upto Rs. 42,000 Crores in the month of October, thereby building a strong order book for itself.
Larsen and Toubro Limited provides a project classification which provides details regarding the value of the project starting from, Significant order ranging from Rs. 1000-2500 Crores, Large order ranging from Rs. 2500-5000 Crores, Major order ranging from Rs. 5000-10000 Crores, Mega order ranging from Rs. 10000-15000 Crores and Ultra-mega order with more than Rs. 15,000 Crores.
At 12:45 p.m the shares of Larsen & Toubro Limited were trading at Rs. 2913.75, down 0.45 percent from its previous day close price and its market capitalization is Rs. 4,09,620 Crores.
As per the company’s filing, Larsen & Toubro has received multiple orders in the month of October 2023 and it is as follows. During the first half of October 2023, it received five orders for a consideration ranging from Rs. 2,500 Crores to upto Rs. 7,000 Crores from different parties and it is follows
Firstly it has received a Large order from Municipal Corporation of Greater Mumbai for construction of 4.5 Km long bridge connecting Dahisar and Bhayander for a consideration ranging from Rs. 2,500 Crores to upto Rs. 5,000 Crores.
In addition to this it secured a Significant order for Engineering, Procurement and Construction (EPC) from West Bengal Power Development Corporation Limited to set up wet Flue Gas Desulphurization (FGD) systems for its Thermal Power Plant at Sagardighi for a consideration ranging from Rs. 1,000 Crores to upto Rs. 2,500 Crores.
Then it secured multiple orders for its construction unit, to construct a residential township in Bengaluru, to construct Commercial Towers in Hyderabad and to construct a Super Specialty Hospital & Academic Block for a consideration ranging from Rs. 2,500 Crores to upto Rs. 5,000 Crores.
Further, it received a Significant order for Engineering, Procurement and Construction from the Public Health Engineering Department, Rajasthan to construct a Water Supply Project for 648 villages of the District of Chittorgarh for a consideration ranging from Rs. 1,000 Crores to upto Rs. 2,500 Crores.
Lastly it secured a Major order for a Mega onshore project from a prestigious client in the Middle East for engineering, procurement and construction of Gas Compression Plants for a consideration of more than Rs. 7,000 Crores.
In the second half of the month, it received 2 orders for a consideration ranging from Rs. 2,500 Crores to more than Rs. 15,000 Crores. Firstly it received an Large Project order for establishing 400kV & 220kV transmission lines, an order for turnkey construction of a 380kV Substation, to build 5 Substations and to establish a 275kV Underground Cable system for a consideration ranging from Rs. 2,500 Crores to upto Rs. 5,000 Crores.
In addition to this it has recently received Ultra mega order for yet another Ultra-Mega Onshore project from a prestigious client in the Middle East for engineering, procurement & construction of Gas Processing Plant for a consideration of more than Rs. 15,000 Crores
The company’s revenue grew 17.13 percent from Rs. 1,56,521.23 Crores in FY22 to Rs. 1,83,340.7 Crores in FY23, accompanied by increasing profits of Rs. 8,669.33 Crores to Rs. 10,470.72.
It has reported a return on equity (ROE) of 14.78 percent and a return on capital employed (ROCE) of 12.98 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold 0.00 percent stake, the Domestic Institutional Investors hold 37.44 percent and the Foreign Institutional Investors (FII) hold 25.67 percent.
Larsen & Toubro Limited is a multinational conglomerate operating in over 50 countries ,which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in major sectors such as Hydrocarbon, Power, Infrastructure, Information Technology, Defence and Financial Services in domestic and international markets.
Written by: Bharath K.S
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