L&T construction arm bags order of Rs. 1000-2500 crore

The construction arm of L&T Limited has secured orders from prestigious clients across various Indian states for its varied businesses. The order values are between Rs. 1,000 crores and 2,500 crores.

In Maharashtra, an empanelment and rate contract has been awarded to provide off-grid DC solar photovoltaic water pumping systems with standalone lighting systems for farmers in the Aurangabad, Nashik and Pune revenue divisions. These systems will have provision for mobile charging, transfer of automated meter reading and water discharge reading data.

In the United Arab Emirates, the company’s power T&D business has secured an order for the design, supply and construction of a 132kV Substation project with associated 132kV cabling works from one of the government utilities. Additional orders have also been won in ongoing projects in the Middle East.

Also, its transportation infrastructure segment has secured a major add-on order from an existing client in Qatar for an Expressway. Various add-on orders have been received by some existing projects in the Water and Effluent Treatment (WET) and Metallurgical and Material Handling (MMH) businesses.

As on September 30, 2019, the company’s order book stood at Rs. 303,200 crores, translating in book to bill ratio of 2.15x, considering FY19 revenue of Rs. 141,007 crores. The order book in H1FY20 grew by 9 per cent yoy as compared to H1FY19.

On Wednesday, L&T opened at Rs. 1,311. In the morning trading session, it was trading down by 1.7 per cent at Rs. 1,290.60.