the company is involved in engineering, construction, and manufacturing operations worldwide. The company has a market cap of Rs. 4,21,835 crore and is 2% away from its 52 week high.
Today the volumes for the stock have been 0.6x the monthly average volumes. The stock is 3% and 26% above its 20 day and 200 day moving averages respectively. The stock is on a steady uptrend since July 2022 and has given over 75% returns since.
L&T classifies Significant orders as orders worth Rs. 1000 to 2500 crore; Large orders range from Rs. 2500 to 5000 crore; Major value orders are those that range from Rs. 5000 to 7000 crore. Mega Value projects are those that exceed Rs. 7000 crore.
The Power business arm of Larsen & Toubro (L&T Energy – Power) has secured Engineering, Procurement and Construction (EPC) order from West Bengal Power Development Corporation Limited to set up wet Flue Gas Desulphurization (FGD) systems for its Thermal Power Plant at Sagardighi in the state of West Bengal.
The project’s unique features include three FGD absorbers catering to four thermal power units (2×300 MW, 2×500 MW) while balance of plant systems to be installed shall cater to five units of the plant. For L&T, this will be the first FGD project from a state-owned power utility company.
Installation of the FGD systems in existing and upcoming thermal power plants has been made mandatory by the Ministry of Environment, Forest and Climate Change, Government of India, to curtail SO2 emissions. With this order, L&T is poised to install FGD projects for thermal plants totaling more than 19 GW, actively contributing to GoI’s initiative of reducing SO2 emissions.
As a USD 23 billion Indian multinational company, Larsen & Toubro is involved in EPC Projects, Hi-Tech Manufacturing, and Services. It operates internationally in more than 50 nations. L&T has been able to achieve and maintain leadership in its major business sectors for eight decades thanks to a strong, customer-focused approach and a never-ending pursuit of world-class quality.
Written by Sandeep R
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