Rs 5,10,100 crore order book: Civil construction company bags new order worth approx. Rs 2,500 crore in Middle East

The stock is up by 11 per cent from its 52-week low and gave multibagger returns of 160 per cent in the last 5 years.

Larsen & Toubro (L&T) has secured a repeat order, valued at approximately Rs 2,500 crore, from a leading railway company in the Gulf Cooperation Council (GCC) region. This order focuses on developing freight handling facilities as part of the customer's multi-phase capacity expansion plans. L&T's Minerals & Metals (M&M) vertical will handle the engineering, procurement, construction, and commissioning (EPCC) of these facilities at two locations, incorporating advanced automation and control systems, including an add-on package.

This win reinforces L&T's established expertise in delivering freight handling solutions across railway corridors in both India and the Middle East. L&T's M&M vertical offers comprehensive, end-to-end EPC solutions for various sectors, including mining, minerals processing, industrial products, and material handling. Beyond project execution, their product business provides cost-effective solutions for industries like mining, cement, steel, fertilizers, and ports.

About the Company

Larsen & Toubro (L&T) is a massive Indian conglomerate with its fingers in many pies. Their core business is engineering, procurement and construction (EPC) solutions across various sectors like infrastructure, power, hydrocarbon (oil & gas) and defence. They also manufacture custom-designed machinery for these industries and even have a real estate arm. L&T is a major player in IT services through subsidiaries like L&T Infotech and Mindtree and provides financial services like rural and housing finance through L&T Finance Holdings. They even handle development projects involving infrastructure, toll management and power generation.

The company has a market cap of Rs 4.70 lakh crore and has been maintaining a healthy dividend payout of 34.6 per cent. Life Insurance Corporation of India (LIC) owns a 12.61 per cent stake in the company as of December 2024. The company has a robust order book valued at Rs 5,10,100 crore as of September 30, 2024. The stock is up by 11 per cent from its 52-week low and gave multibagger returns of 160 per cent in the last 5 years. Investors must keep this Large-Cap stock. 

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