Rs 55,000 crore orders & Rs 4,69,800 crore order book: This multibagger civil construction company bags new orders from various clients across the globe!
The stock is up by 60 per cent from its 52-week low and gave multibagger returns of 130 per cent in the last 3 years.
Larsen & Toubro Ltd (L&T Ltd) informed that the company bagged multiple orders approx. Rs 55,000 crore in just 45 days (From January 01 2023 to February 14, 2024). Here are the details:
Order No – 1 (February 13, 2023): The company’s hydrocarbon division won two major contracts in the Middle East: an onshore project involving building an enclosed flare system and demolishing old facilities, and an offshore project upgrading shutdown systems on existing platforms. The order is worth approx. Rs 2,500 crore.
Order No – 2 (February 07, 2023): The company’s power transmission and distribution business scored big with orders across India and the Middle East, including a 75MW floating solar plant in India, a 380kV substation in Saudi Arabia, and substation and voltage conversion projects for oil companies in the region, further expanding their work on a 220kV power supply project in the UAE. The order is worth approx. Rs 5,000 crore.
Order No – 3 (February 06, 2023): The company’s construction business has won a contract to build a 12.21 km bridge across the Brahmaputra River in Assam, connecting the towns of Palashbari and Sualkuchi and providing direct access to the Lokpriya Gopinath Bordoloi International Airport. The order is worth approx. Rs 5,000 crore.
Order No – 4 (February 05, 2023): The company’s hydrocarbon business has landed a major onshore project from IndianOil Adani Ventures, involving the design, construction, and commissioning of storage tanks and related facilities, adding to their existing portfolio of four key projects under the Indian Oil Corporation's expansion program. The order is worth approx. Rs 5,000 crore.
Order No – 5 (January 30, 2023): L&T will build a giant 1,800 MW solar plant in Dubai, the 6th phase of the world's largest single-site solar park. This plant will power 500,000 homes, reduce 2.4 million tons of carbon emissions annually, and contribute to Dubai's clean energy goals. The project includes not just the solar panels but also the infrastructure to connect it to the grid. The order is worth approx. Rs 15,000 crore.
Order No – 6 (January 23, 2023): The company’s heavy engineering arm scored big, winning multiple domestic and international projects. Notably, their modification, revamp and upgrade unit secured a major debottlenecking project in KSA, marking a key milestone in their Middle East focus. They also won domestic refinery revamps and critical equipment orders across continents, showcasing their technical expertise and competitive edge. The order is worth approx. Rs 2,500 crore.
Order No – 7 (January 17, 2023): The company’s buildings & factories division scored big with new construction projects in both India and Oman. In India, they'll build affordable housing and infrastructure in Navi Mumbai, while in Oman, they'll construct a mixed-use development featuring a hotel, serviced apartments, and office space. Both projects are expected to be completed within 42 months. The order is worth approx. Rs 2,500 crore.
Order No – 8 (January 16, 2023): The company’s construction division has won a major contract to design and build the high-speed railway electrification system for India's first bullet train project, enabling train speeds of up to 320 km/h using advanced Japanese technology. This "mega" project covers 508 km and includes designing, manufacturing, installing, and testing the entire system. The order is worth approx. Rs 15,000 crore.
Order No – 9 (January 09, 2023): The company’s construction building & factories unit won a contract to build a new AIIMS complex in Rewari, Haryana. The 1.5 million sq ft project includes a 720-bed teaching hospital, 30-bed AYUSH hospital, medical college, nursing college, auditorium, and housing, to be completed within a strict timeframe. L&T will handle civil structure, finishes, MEP services, medical equipment installation, and external development. The order is worth approx. Rs 2,500 crore.
DSIJ's 'Large Rhino' service recommends blue chip stocks of Large Cap companies that have leadership positions in their category. If this interests you, do download the service details here.
The company's robust order book, valued at Rs 4,69,800 crore as of December 31, 2023, underscores its strong market position and future growth prospects. This order book represents a 22 per cent increase from September 2022, with a well-balanced domestic and international mix, with 61 per cent of the orders coming from domestic clients and 39 per cent from international clients.
Today, the shares of Larsen and Toubro Ltd surged 0.81 per cent to Rs 3,315 per share with an intraday high of Rs 3,315 and an intraday low of Rs 3,264. The stock’s 52-week high is Rs 3,738.90 while its 52-week low is Rs 2,083.05. The stock is up by 60 per cent from its 52-week low and gave multibagger returns of 130 per cent in the last 3 years. Investors must keep this Large-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
For more such updates on the go, Click here to join our WhatsApp Channel