Leading Multinational Conglomerate which is one of the leading players in domestic and overseas Markets, for providing EPC Solutions jumped 3 percent in the day’s trade upon receiving a work order worth Rs. 1,000-2,500 Crores.
With a market capitalization of Rs. 4,75,766 Crores, the shares of Larsen & Toubro Limited were trading at Rs. 3,461, up 2.10 percent from its previous day’s close price of Rs. 3,389.80.
Larsen & Toubro Limited’s Railways Strategic Business Group has received a significant order worth Rs. 1,000-2,500 Crores to construct the Jakarta Mass Rapid Transit Project (Phase 2A) for MRT Jakarta through L&T’s long-term Japanese partner, Sojitz Corporation. The project will be on a design-and-build basis involving procurement and delivery of multiple systems across various domains, including overall system integration.
The project scope includes Trackworks, Substation System, Power Distribution System, Overhead Contact System, Signaling System & Telecommunication Systems, SCADA Facility, Platform Screen Doors, and modification of the equipment installed in the existing OCC and the stations/train sets.
This order win in Jakarta will strengthen L&T’s foothold in the ASEAN region and enable it to secure more such orders there, as several railway projects are envisaged to be developed in the ASEAN region over the next decade.
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.
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.
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.
Written by: Bharath K.S
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