Rs 4.12 trillion order book: This multibagger infrastructure giant bags a mega order worth Rs 7,000 crore from Middle East!
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 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.
To cater to the power supply requirements of the gas compression plants, three 230 kV extra high voltage substations will be set up by L&T Construction's Power Transmission & Distribution arm.
The project is a major win for L&T and demonstrates the company's strong capabilities in the hydrocarbon sector. The project is also expected to boost L&T's order book and revenue in the coming quarters.
Also read, The power of emergency funds: Why and how to build one
Recently, L&T also bagged orders worth more than Rs 5000 crore across its construction, power, and buildings & factories businesses. The orders include the construction of a bridge in Mumbai, setting up FGD systems for a thermal power plant in West Bengal, and constructing a residential township in Bengaluru. These orders are a testament to L&T's strong capabilities and expertise in a wide range of industries.
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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