Rs 4.12 trillion order book: This multibagger infrastructure giant bags a large order of about Rs 5,000 crore!
The stock has gained more than 20 per cent in the last 6 months.
L&T Construction's Power Transmission and distribution business has secured key orders in India and overseas in the current quarter, demonstrating the company's expertise and leadership in the sector. In India, L&T Construction will build 400kV & 220kV transmission lines in Chhattisgarh to relieve congestion in the state's electricity transmission grid. Overseas, L&T Construction will build a 380kV Substation with associated overhead transmission lines in Saudi Arabia, 5 Substations in Kuwait, and a 275kV Underground Cable system in Malaysia.
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These orders will help to improve the reliability and efficiency of the power supply in India, meet the growing demand for power in Saudi Arabia, contribute to the development of the city in Kuwait, and improve the reliability and security of the power supply in Malaysia. These orders are worth Rs 2,500 crore to Rs 5,000 crore.
The company recently also secured a Letter of Intent for a Mega onshore project from a prestigious client in the Middle East worth more than Rs 7,000 crore. The project involves the engineering, procurement, and construction of gas compression plants, including gas inlet facilities, gas compression systems, produced water handling, propane refrigeration systems, condensate transfer, and utilities for gas compression facilities in new onshore facilities and its integration with existing gas compression plants.
Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. The company has an order book of Rs 4.12 trillion. The stock has delivered multibagger returns of more than 200 per cent in the last three years.
Investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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