This Indian Multinational Conglomerate, which is one of the leading players in domestic and International Markets, for providing EPC Solutions for multiple sectors, with an order book of Rs. 4,507 Billion jumps 2 percent upon receiving a major work order in Saudi Arabia.
At 10:25 a.m the shares of Larsen & Toubro Limited were trading at Rs. 3,531.95, up 1.20 percent from its previous day’s close price of Rs. 3,490.05 and its market capitalization is Rs. 4,96,465 Crores.
Larsen & Toubro has received a major Engineering, Procurement, and Construction (EPC) work order worth Rs. 5,000-10,000 Crores to establish various systems related to renewable energy generation, water systems, and power utilities, for the Amaala project in the Red Sea region, Saudi Arabia.
The project will have an optimized off-grid renewable energy system comprising a ~250MWp Solar PV plant and >700MWh Battery Energy Storage System. The scope for power systems also involves biofuel-based internal combustion engines, three Gas Insulated Substations, high-voltage transmission lines, and medium voltage distribution networks.
The scope for water systems involves constructing a 37 MLD Seawater Reverse Osmosis Plant, 6 MLD Sewage Treatment Plants, marine works including intake and outfall, tank farms, a potable water network, a wastewater network, and a treated sewage effluent network.
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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