The shares of India’s largest infrastructure company gained around 1 percent to Rs 3,099 per share on Tuesday after the company received significant Contracts for its Water and effluent Treatment business.
At 12:50 p.m., On the National stock exchange, Larsen & Toubro Ltd shares were trading at Rs 3,088.25 per share, up Rs 13.50 or 0.44 percent from the previous close price. The company has a market capitalization of Rs 4,34,321 crore.
According to the company’s exchange filing L&T Construction Awarded has received a significant order from the Public Health Engineering Department, Rajasthan to construct a Water Supply Project for 648 villages of the District of Chittorgarh from the Chambal River under the Jal Jeevan Mission (Package-I).
Furthermore, the Company has received an order from the Guwahati Water Supply and Sewerage Board, Assam, for the construction and commissioning of the balance works of the 107 MLD capacity South Guwahati West Water Supply Project.
The scope of work includes 84 Km of DI pipeline, 3 Km of MS Pipeline, and 4 pre-settling tanks along with associated electrical, mechanical & instrumentation works for existing WTP. The project will meet the water demands of the western part of South Guwahati city.
According to the Larsen & Tubro, the value of Significant orders are worth between Rs 1000 crore and Rs 2500 crore, large orders are worth between Rs 2500 crore and Rs 5000 crore, major orders are worth between Rs 5000 crore and Rs 7000 crore, and mega orders are worth more than Rs 7000 crore.
The Company’s return on equity increased from 10.52 percent in FY22 to 11.72 percent in FY23, while the return on capital employed rose from 10.91 percent to 11.99 percent during the same period.
Larsen & Toubro Ltd shares have delivered a 34 percent return in the last six months and 62 percent in the last year.
The company’s revenue has increased by 33 percent year on year, from Rs 35,853 crore in Q1FY23 to Rs 47,882 crore in Q1FY24. During the same period, Net profit has significantly increased by 35 percent from Rs 2,293 crore to Rs 3,116 crore.
Larsen & Toubro Ltd is a multinational conglomerate that is engaged in engineering, procurement, and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology, and Financial Services in both domestic and international markets.
Written by Omkar Chitnis
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