Rs 4,69,800 crore order book: This multibagger civil construction company has secured orders worth over Rs 5,000 crore; FIIs have increased their stake!

The company's shares have delivered a multibagger return of around 157 per cent in the past three years.

Larsen & Toubro's Power Transmission & Distribution (PT&D) business has once again demonstrated its prowess in the energy sector by securing multiple orders both domestically and internationally.

Order Details

L&T's PT&D business is the acquisition of orders to establish two Floating Solar Plants in India. These projects mark a significant leap towards harnessing solar energy in unconventional ways. With a combined floating solar capacity exceeding 150 MWac and an additional ground-mounted Solar PV capacity of 120 MWac, L&T is spearheading the adoption of renewable energy solutions that mitigate land acquisition challenges and reduce civil works. Moreover, the utilization of water bodies for solar installations not only maximizes space efficiency but also helps in curbing water evaporation, presenting a holistic approach towards sustainability.

Also, read 10 crucial factors to consider when evaluating a company's order book!

In addition to bolstering India's renewable energy infrastructure, L&T's PT&D business has secured orders to develop critical transmission infrastructure in Rajasthan and Karnataka. These include the establishment of 765 kV Transmission Lines and a Gas Insulated Substation, aimed at integrating Solar Energy Zones and facilitating the efficient evacuation of renewable energy to various load centers across the country. Such initiatives play a pivotal role in advancing India's renewable energy goals and fostering a greener, more sustainable future.

Beyond Indian shores, L&T's PT&D business continues to leave an indelible mark in the global energy landscape. In Kuwait, the company has been entrusted with the construction of a 400kV Gas Insulated Substation, a vital component in powering the residential clusters of the South Sabah Al-Ahmad City project. Similarly, in the Sultanate of Oman, L&T is playing a crucial role in the integration of standalone electricity networks into a unified 400 kV national grid. This endeavour involves the construction of a 400 kV Overhead Transmission Line and two 400 kV Grid Stations, underscoring L&T's commitment to facilitating reliable and efficient energy distribution on a national scale.

The United Arab Emirates (UAE) presents another frontier for L&T's PT&D business, where the company has secured orders for the construction of two 132 kV Substations along with associated works. These projects underscore L&T's continued expansion into new markets and its ability to deliver world-class infrastructure solutions tailored to meet the evolving needs of diverse regions.

Today, the shares of the company are trading at around Rs 3,453, representing a 0.59 per cent increase compared to yesterday’s closing price on the BSE. Additionally, L&T’s shares have delivered multibagger returns of around 158 percent in the past three years. The company has not yet released its Quarterly Results for Q4 FY24.

Investors must keep this Large-Cap multibagger stock on their radar.

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