Rs 4.13 trillion order book: This multibagger civil construction company bags multiple projects worth Rs 22,500 crore!

The stock is up by 65 per cent in 1 year and gave multibagger returns of 248 per cent in the last 3 years.

Larsen & Toubro Ltd (L & T Ltd) informed that the company bagged multiple orders approx. Rs 22,500 crore. Here are the details:

October 10, 2023: The WET business has secured an engineering, procurement and construction order from the Public Health Engineering Department, Rajasthan to construct a water supply project for 648 villages of the District of Chittorgarh from the Chambal River under the Jal Jeevan Mission. The business has also secured an order from the Guwahati Water Supply and Sewerage Board, Assam for the construction & commissioning of balance works of 107 MLD capacity south Guwahati West water supply project. The orders are worth approx. Rs 2,500 crore.

October 05, 2023: A residential township in Bengaluru with 3,627 apartments in 19 towers, 88 villas, clubhouses, swimming pools, and other amenities. The total built-up area will be approximately 9.7 million square feet. Commercial towers in Hyderabad with two buildings and a combined built-up area of 4.2 million square feet. A super speciality hospital and academic block as part of the Gangwal School of Medical Sciences and Technology at the Indian Institute of Technology, Kanpur. These orders are worth approx. Rs 5,000 crore.

October 04, 2023: L&T Energy – Power has won an EPC order from West Bengal Power Development Corporation Limited to install FGD systems at its thermal power plant in Sagar Dighi, West Bengal. The project will involve installing three FGD absorbers for four thermal power units and a balance of plant systems for five units. This order is worth approx. Rs 2,500 crore.

October 03, 2023: L&T Construction has won the prestigious Dahisar Bhayander Bridge project in Mumbai, which was awarded by the Municipal Corporation of Greater Mumbai (MCGM). The project involves constructing a 4.5 km bridge connecting Dahisar and Bhayander. This order is worth approx. Rs 5,000 crore.

September 29, 2023: The Heavy Civil Infrastructure business vertical of L&T construction has won a mega order from our prestigious client Mumbai Metropolitan Region Development Authority (MMRDA), for the design and construction of an Underground Road tunnel Project. The project alignment will run primarily under the Sardar Vallabhbhai Patel Road and is to be completed within 54 months. These orders are worth approx. Rs 7,500 crore.

On Wednesday, the shares of Larsen and Toubro Ltd surged 0.80 per cent to Rs 3,099.65 per share with an intraday high of Rs 3,109 and an intraday low of Rs 3,090.25.

Larsen & Toubro Ltd. is a multinational conglomerate primarily providing EPC solutions in key sectors. As of June 30, 2023, the company order book stands at Rs 4.13 trillion whereas the company’s market cap as of today stands at Rs 4.36 trillion. The company reported positive numbers in its Quarterly Results and annual results.

The company has been maintaining a healthy dividend payout of 37.20 per cent. The stock is up by 65 per cent in 1 year and gave multibagger returns of 248 per cent in the last 3 years. Investors must keep this Large-Cap stock. 

Disclaimer: The article is for informational purposes only and not investment advice.