Rs 4.5 trillion order book: This multibagger construction company bags new orders of about Rs 15,000 crore for the Mumbai-Ahmedabad High-Speed Rail Project!

Shares of the company have gained more than 60 per cent in the last one year.

L&T Construction's Railways arm has scored a historic win, bagging a massive contract to build the electrification system for the Mumbai-Ahmedabad Bullet Train project. This 508 km project marks the first time India will utilize Japan's Shinkansen high-speed technology, propelling trains to 320 km/h speeds. The project is expected to be worth approximately Rs 15,000 crore, this order marks a major push towards India's high-speed rail ambitions.

The project involves an intricate setup with a 25 kV power supply, advanced overhead equipment, and sophisticated substations. Funded by the Japan International Cooperation Agency, it signifies India's commitment to modernizing its transport network with cutting-edge technology.

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But this isn't the only big win for L&T. The company recently secured a significant order to build a massive new AIIMS hospital in Haryana, complete with a 720-bed hospital, medical college, and sprawling infrastructure.

Moreover, L&T's financial performance reflects its strong momentum. The Q2FY24 witnessed a robust 19.32 per cent increase in net sales and a 15.11 per cent jump in operating profit. This financial stability further reinforces their ability to deliver on these ambitious projects and contribute to India's infrastructure revolution.

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 4.5 trillion. The stock has also delivered multibagger returns of about 160 per cent in the last three years. DIIs have also increased their stake in the company in December 2023.

The stock has shown impressive growth, and investors should keep a close eye on this stock.     

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