This Indian Multinational Conglomerate, which is one of the leading players in domestic and International Markets, for providing EPC Solutions for multiple sectors jumped 2 percent upon receiving a work order in the range of Rs. 2,500-5,000 Crores.
With a market capitalization of Rs. 4,67,339 Crores, the shares of Larsen & Toubro Limited were trading at Rs. 3,398, up 1.60 percent from its previous day’s close price of Rs. 3,341.75.
Larsen & Toubro Limited has received an order in the range of Rs. 2,500 Crores to Rs. 5,000 Crores from the Public Works Roads Department (PwRD), Assam to construct a 12.21 Km long cable-stayed bridge.
The bridge will be constructed across the river Brahmaputra in Assam with approaches connecting Palashbari and Sualkuchi. It will directly connect both towns and the project is said to be completed in 48 months.
Larsen & Toubro Limited is a multinational conglomerate operating in over 50 countries, it is primarily engaged in providing engineering, procurement, and construction (EPC) solutions across major sectors such as Hydrocarbon, Power, Infrastructure, Information Technology, Defence, and Financial Services in domestic and international markets.
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.
It has a strong order book worth Rs. 4,698 Billion, of which International orders are 60.94 percent (Rs. 2863 Billion) and Domestic orders are 39.05 percent (Rs. 1,835 Billion).
The segmental order breakup is as follows Infrastructure projects 68 percent, Energy 24 percent, Hi-Tech manufacturing 5 percent, and others 3 percent. As per the geography 61 percent are domestic projects, 36 percent in the Middle East, 0.4 percent USA & Europe, and 3 percent rest of the world.
Written by: Bharath K.S
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