Rs 4 lakh crore order book: This civil construction receives orders worth approx. Rs 5,000 crore from State Water & Sanitation Mission!
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 Water & Effluent Treatment Business of L&T Construction has secured orders from the State Water & Sanitation Mission, Uttar Pradesh, to construct a water supply scheme for the Hanumanganj multi-group of villages in the districts of Ballia and Firozabad.
The projects involve the design and construction of a water treatment plant with a capacity of 148 MLD, transmission and distribution pipelines of 5534 km, 13 clear water reservoirs, 504 overhead service reservoirs, 13 pumphouses, and 3.81 lakh house service connections.
The projects also include 10 years of operation and maintenance, as well as automation of the system, including measurement of input and output water quantity and quality through SCADA and other instrumentation works. The project will provide safe drinking water to 50.85 lakh rural populations in the state as part of the Jal Jeevan Mission.
The Business has also secured a breakthrough order from NTPC Ltd for Make-up Water System & Ash Disposal cum Ash Water Recirculation System (AWRS) Package at Talcher. The scope of work includes design, engineering, supply, construction, erection, testing, and commissioning. This order is part of NTPC's expansion plan for Talcher Thermal Power Plant and encompasses critical components for efficient power plant operations and sustainable ash disposal.
These orders demonstrate the company’s prowess in executing industrial water projects across diverse sectors, including power, infrastructure, hydrocarbon, and more. The orders are worth approx. Rs 2,500 to 5,000 crore.
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On Monday, the shares of Larsen and Toubro Ltd plunged 0.17 per cent to Rs 2,469 per share with an intraday high of Rs 2,493 and an intraday low of Rs 2,465.60. The company has been maintaining a healthy dividend payout of 37.20 per cent
Larsen & Toubro Ltd is a leading Indian multinational company mainly engaged in EPC projects, Hi-Tech manufacturing and services. The company recorded the highest order book of Rs 4 lakh crore and order inflows for FY23 were over 2 lakh crore (19 per cent YoY growth).
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.