L&T construction bags significant orders

Larsen & Toubro (L&T) today informed the bourses that its heavy civil infrastructure business has secured two orders from National Capital Region Transport Corporation (NCRTC). The estimated value of these projects is Rs 1,000-2,500 crore.

The company has secured the orders to build regional rapid transit system (RRTS) infrastructure from National Capital Region Transport Corporation (NCRTC) in Uttar Pradesh.

Under this project, L&T will execute a new, dedicated, high speed, high capacity rail system in the Delhi-Ghaziabad-Meerut corridor. The design speed for the project is 180 KMPH with an average operational speed of 100 KMPH.

L&T’s order book as on December 2019 stood at Rs 3,06,300 crore, translating book to bill ratio of 2.2x, considering its FY19 consolidated revenue.

In today’s trading session, the stock of Larsen & Toubro (L&T) opened at Rs 880.30 and jumped by five per cent and made an intraday high of Rs 911.35 on BSE.