Rs 4.12 trillion order book: This multibagger infrastructure giant bags a massive order worth Rs 5,000 crore!
The stock has gained more than 30 per cent in the last 6 months.
Larsen & Toubro Limited informed in the exchange filing that the company has bagged multiple new orders in the last three days. The company’s construction, power and buildings & factories business has bagged orders worth more than Rs 5000 crore.
The first order is for the company’s construction business for the prestigious Dahisar Bhayander Bridge project in Mumbai. The order is for the construction of a 4.5 km bridge connecting Dahisar and Bhayander in Mumbai. The order is worth more than Rs 2,500 crore.
The second order is for the company’s Power Business for engineering, procurement and construction (EPC) order from West Bengal Power Development Corporation Limited to set up wet Flue Gas Desulphurization (FGD) systems for its Thermal Power Plant at Sagardighi in the state of West Bengal. The order ranges between Rs 1,000 – 2,500 crores.
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The third order is for the company’s buildings & factories business to construct a residential township in Bengaluru involving the construction of 3,627 apartments spread across 19 Towers having the configuration of 3 Basements + Ground + 23 to 41 Floors, 88 Villas along with clubhouses, swimming pools and other amenity structures. The order ranges between Rs 2,500 – 5,000 crores.
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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