Rs 4,909 Billion Order Book: Infrastructure Giant Bags Order Worth Between Rs 2,500 Crore to Rs 5,000 Crore from City and Industrial Development Corporation!
The company’s shares have delivered an impressive return of around 35 per cent to its shareholders.
Larsen & Toubro Ltd's Transportation Infrastructure division has secured an order for an Integrated Infrastructure Development project within Town Planning Schemes 2 to 7, under the Navi Mumbai Airport Influence Notified Area (NAINA) Project in Maharashtra.
The project, awarded by the City and Industrial Development Corporation Limited (CIDCO), involves developing 60m and 45m wide roads, constructing various major and minor structures, and carrying out related electrical works.
The project will feature four approach roads spanning 13.28 km, including major structures such as nine large-scale constructions, three iconic steel bridges over the Kalundre River and the Mumbai-Pune Expressway, 12 minor bridges, 27 underpasses, and access routes to these structures. Additionally, the project includes utility installations and related electrical works.
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Larsen & Toubro Ltd is a multinational conglomerate that is primarily engaged in providing engineering, procurement, and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology, and Financial Services in domestic and international markets.
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On Wednesday the shares of Larsen & Toubro Ltd closed the day at around Rs 3595.85 per share on the BSE. The current market capitalization stands at Rs 4,94,427.54 crore. Additionally, the shares have delivered a return of around 35 per cent in the past year.
As per the Quarterly Results, in Q1 FY25, Larsen & Toubro Ltd recorded a revenue of Rs 55120 crore from Rs 47882 crore. The operating profit for Q1 FY25 stood at Rs 7046 crore. The net profit for Q1 FY25 stood at Rs 3445 crore compared to a profit of Rs 3096 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 221113 crore in FY24. The operating profit for FY24 was Rs 29865 crore with a net profit of Rs 15547 crore compared to a net profit of Rs 12531 crore in FY23.
Investors must keep this Large-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.