Rs 4.13 lakh crore order book: This civil construction receives orders worth Rs 2,500 crore from India and Bangladesh!

The stock is up by 50 per cent in 1 year and gave multibagger returns of over 170 per cent in the last 3 years.

The buildings & factories (B&F) business of Larsen & Toubro Ltd (L&T) has recently secured orders in India and Bangladesh. The business has secured an order from the Uttar Pradesh Cricket Association for the construction of a cricket stadium at Varanasi, Uttar Pradesh on a design & build turnkey basis. The seating capacity of the stadium will be 30,000 spectators.

The scope includes the main ground as per ICC standards, a display scoreboard, flood lights, corporate boxes, VIP lounges, office areas, broadcasting, press conference areas, kitchen & dining areas, and a practice ground. The total site area under development is 30.67 acres. Additionally, the scope of work involves finishes & allied MEP services along with external development within the site premises.

The Business has secured another order from the Bangladesh Hi-Tech Park Authority to construct a Hi-Tech IT Park at 4 locations across Bangladesh. This project is funded by EXIM Bank. The major scope of work for the project comprises the construction of 7 storied Structural steel buildings at all 8 locations with BUA of 1.2 million Sq ft including civil, finishes, façade and electromechanical works with LEED gold rating.

The scope also includes HVAC, lift, electrical, firefighting system, public health engineering, networking & security system, building management system, site development, road, boundary wall, landscaping, arboriculture etc. The project locations are in the districts of Cox’s Bazar, Chattogram, Cumilla and Sylhet in Bangladesh.

Recently, the company announced its Quarterly Results ended June 30, 2023 wherein the net sales increased by 33.55 per cent to Rs 47,882 crore and net profit increased by 39 per cent to Rs 3,096 crore in Q1FY24 over Q1FY23. As of June 30, 2023, the company order book stands at Rs 4.13 lakh crore.

On Monday, the shares of Larsen and Toubro Ltd surged 0.88 per cent to Rs 2,661.25 per share with an intraday high of Rs 2,663.65 and an intraday low of Rs 2,616. The company has been maintaining a healthy dividend payout of 37.20 per cent

The stock is up by 50 per cent in 1 year and gave multibagger returns of over 170 per cent in the last 3 years. Investors must keep this stock on their watch list. 

Disclaimer: The article is for informational purposes only and not investment advice.