This Indian Multinational Conglomerate, which is one of the leading players in domestic and International Markets, for providing EPC Solutions for multiple sectors in talk after it received a work order in the range of Rs. 2,500 Crores – Rs 5,000 Crores to be done in the Middle East.
At 11:15 a.m the shares of Larsen & Toubro Limited were trading at Rs. 3,528.25, down 0.44 percent from its previous day’s close price of Rs. 3,544 and its market capitalization is Rs. 4,96,170 Crores.
Larsen & Toubro Limited has received a large order in the range of Rs. 2,500 Crores – Rs 5,000 Crores for Engineering, Supply, Construction, Installation, Testing, and Commissioning of a 400/132kV Substation. It includes associated Transformer, Reactor, and Substation Control and Monitoring Systems (SCMS) in the United Arab Emirates.
In addition to this, it has received an order to establish 400kV Overhead Transmission Lines along with associated 400kV Underground Cable interconnections. This transmission segment with a more than 100km route length will help to evacuate and generate power, Additional orders have been won in ongoing substation orders in the region.
As of September 2023, it has a strong order book worth Rs. 4,507 Billion, of which 35.35 percent are international orders and 64.65 percent are domestic orders.
The segmental order breakup is as follows Infrastructure projects 67 percent, Energy 24 percent, Hi-Tech manufacturing 6 percent, and others 3 percent.
The company’s revenue from operations 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 Crores.
Larsen & Toubro Limited is a multinational conglomerate operating in over 50 countries, it 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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