Rs 3.99 trillion order book: This infrastructure giant bags huge work orders worth Rs 7,500 crore; hits fresh 52-week high!

Shares of this company have gained more than 50 per cent in the last one year.

On July 07, 2023, shares of Larsen & Toubro Limited made a fresh 52-week high of Rs 2503.00. Over the past month, the company’s shares have gained more than 4.5 per cent. On Friday, the stock opened at Rs 2484.90, with a high and low of Rs 2503.00 and Rs 2445.05. The stock closed trading at Rs 2448.50, down by 1.58 per cent.    

Recently, L&T bagged multiple orders worth Rs 7,500 crore. The first order was for its 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.

The second order is for the company’s power transmission & distribution business has bagged a significant order ranging between Rs 1,000 – 2,500 crores.  In the Middle East, the Business has won two orders for the upgrade of Electrical Networks in large industrial facilities. The scope of these orders involves establishing Gas Insulated Substations with associated High Voltage Cable Systems.

The third order is for the company’s buildings & factory business from a multinational company for the construction of commercial office space in Mumbai with an approximate built-up area of 14.85 Lakhs Sq. ft. The project is scheduled to be completed in 2026. And the order value is ranging between Rs 1,000 to 2,500 crore.

The company has more than Rs 3.99 crore trillion worth of order books, and investors should keep a close eye on this stock.