Leading Multinational Conglomerate which is one of the leading players in domestic and overseas Markets, for providing EPC Solutions jumped 2 percent from the day’s low upon receiving a work order worth Rs. 1,000-2,500 Crores.
With a market capitalization of Rs. 4,55,408 Crores, the shares of Larsen & Toubro Limited were trading at Rs. 3,313 down 0.50 percent from its previous day’s close price of Rs. 3,296.
Larsen & Toubro Limited’s Building and Factories business vertical has received a significant order worth Rs. 1,000-2,500 Crores to construct multi-storeyed residential towers at Thane in Mumbai. The work order includes the construction of the core and shell works for five towers having 62 floors and an allied parking area comprising basements, ground, and 5 podiums.
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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