Rs 4.76 trillion order book and DIIs increase stake: This multibagger construction company bags new orders of about Rs 7,500 crore!

Shares of the company have gained more than 50 per cent in the last one year.

Larsen & Toubro's Buildings & Factories (B&F) business secured significant orders in India. One project involves building a super-speciality hospital for the Asian Institute of Gastroenterology in Hyderabad. This 1.1 million square foot project includes civil works, interiors, landscaping, and more. The other project involves constructing office space in Mumbai with a total area of 13 lakh square feet. This fast-track project will utilize composite steel technology and is expected to be completed in 20 months. This project is expected to be worth Rs 1,000 to Rs 2,500 crore.

Recently, Larsen & Toubro (L&T) secured a large offshore order from the Oil & Natural Gas Corporation (ONGC) for India's west coast. The project involves the Daman Upside Development Project (DUDP-WP). L&T Energy, a division of L&T, will handle engineering, procurement, construction, installation and commissioning of four wellhead platforms, a 140-kilometer pipeline, and related modifications at the Tapti Daman block. This project is expected to be worth Rs 2,500 to Rs 5,000 crore.

Moreover, L&T's financial performance reflects its strong momentum. The Q4FY24 witnessed a robust 14.99 per cent increase in net sales and a 6.59 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 4.76 trillion. The stock has also delivered multibagger returns of about 140 per cent in the last three years. DIIs have also increased their stake in the company in March 2024.

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.