Rs 3.99 trillion order book: This multibagger infrastructure giant signs ship repair agreement with US Navy!
Shares of this company have gained more than 40 per cent in the last one year.
Larsen and Toubro Limited informed in the exchange, that the company’s state-of-the-art Kattupalli Shipyard near Chennai received a major node in the Southern Defence Corridor which has been undertaking voyage repairs of the Military Sealift Command vessels. After an elaborate assessment by the US Navy and the Military Sealift Command, the Shipyard qualified for the Master Shipyard Repair Agreement (MSRA). This is equivalent to undertaking warship refits, for which the Shipyard has already been qualified by the Indian Navy and the Coast Guard.
Recently, L&T bagged multiple orders worth Rs 7,500 crore. The first order was for the company’s buildings & factory business from a multinational company for the construction of commercial office space in Mumbai and the order value is ranging between Rs 1,000 to 2,500 crore.
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. The scope of these orders involves establishing Gas Insulated Substations with associated High Voltage Cable Systems.
The third order is 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 company has more than Rs 3.99 crore trillion worth of order books. The shares of the company gained more than 150 per cent in the last three years and investors should keep a close eye on this stock.
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