Rs 4 lakh crore order book: This multibagger civil construction wins orders worth between Rs 1,000 crore to Rs 2,500 crore!
The stock is up by 22 per cent in 1 year and gave multibagger returns of over 150 per cent in the last 3 years.
The Power Transmission & Distribution Business of Larsen & Toubro Ltd has secured new orders in India and abroad.
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 Power Transformers and Control & Protection systems are the other crucial elements that will be installed as part of the works.
In India, an order for building a 765kV Transmission Line has been received. The Transmission Line will facilitate the evacuation of Renewable Energy from the Wind and Solar Energy hub being established around Kurnool in Andhra Pradesh.
Recently, Larsen & Toubro and DRDO signed a contract for the realisation of two Air Independent Propulsion (AIP) System Modules for Kalvari Class of Submarines of the Indian Navy.
Also, L&T expanded its hi-tech manufacturing capability, inaugurating a new state-of-the-art, advanced Heavy Wall Pressure Vessel facility in Saudi Arabia, as a part of the IKTVA initiative of Aramco and Saudi Vision 2030.
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On Monday, the shares of Larsen and Toubro Ltd plunged 0.42 per cent to Rs 2,378 per share with an intraday high of Rs 2,403 and an intraday low of Rs 2,367.70.
Larsen & Toubro Ltd is a leading Indian multinational company mainly engaged in EPC projects, Hi-Tech manufacturing and services. The company recorded the highest order book of Rs 4 lakh crore and order inflows for FY23 were over 2 lakh crore (19 per cent YoY growth).
The stock is up by 22 per cent in 1 year and gave multibagger returns of over 150 per cent in the last 3 years. Investors must keep this stock on their watch list.