Rs 3.99 trillion order book: This infrastructure giant bags huge work orders worth more than Rs 1000 crore!

The stock has risen over 35 per cent in the last one year.

Larsen & Toubro Limited informed in the exchange filing that the company’s Hydrocarbon business has recently secured an offshore project from a prestigious overseas client ranging between Rs 1,000 – 2,500 crores. The scope of work comprises Engineering, Procurement, Construction & Installation for new offshore structures.

L&T Energy Hydrocarbon is executing several domestic and international offshore projects and is committed to building its regional presence in the geographies that it operates by growing local skills and talent, improving procurement from local vendors, and engaging commercially with local contractors on the foundation of a sustainable workload.

Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries and Defence - for customers in many countries around the world. As of March 2023, the company has an order book of Rs 3.99 trillion.

On Friday, the stock opened at Rs 2361.00 with a high and low of Rs 2379.25 and Rs 2352.20. The stock previously closed at Rs 2360.60. The stock closed trading at Rs 2362.05, up by 0.06 per cent. It has a 52-week high of Rs 2416.00 and a 52-week low of Rs 1456.80. The stock has delivered multibagger returns of more than 170 per cent in the last three years and Investors should keep an eye on this stock.