Rs 20,000 crore orders & Rs 4.13 trillion order book: This multibagger civil construction company bags multiple projects in just 7 days!
The stock is up by 65 per cent in 1 year and gave multibagger returns of over 250 per cent in the last 3 years.
Larsen & Toubro Ltd (L & T Ltd) informed that the company bagged multiple orders approx. Rs 20,000 crore. Here are the details:
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 (2B+G+6P+1T+15 Floors and 3B+LG+UG+4P+1T+14 Floors) 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 Sagardighi, West Bengal. This is L&T's first FGD project from a state-owned power utility. The project will involve installing three FGD absorbers for four thermal power units (2x300 MW, 2x500 MW) 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, which will significantly reduce the travel time between the two areas from over 45 minutes to just a few minutes. 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 between Orange Gate, Eastern Free Way to Marine Drive Coastal Road at Mumbai. 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.
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On Friday, the shares of Larsen and Toubro Ltd plunged 0.13 per cent to Rs 3,093.45 per share with an intraday high of Rs 3,113.95 and an intraday low of Rs 3,073.25.
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. 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 over 250 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.