Rs 4,909 Billion Order Book: Infrastructure Giant Secures Order Worth Rs 1,500 Crore to Rs 2,500 Crore to Deploy Advanced Welding Technology for Global Nuclear Fusion Project
DIIs have raised their stake in the company as per the Q2 FY25 update while the Government holds around 0.24 per cent stake.
India’s leading technology-powered conglomerate, Larsen & Toubro Ltd (L&T), has secured a significant new order from the France-based intergovernmental organization, the ITER Organization, to deploy advanced technologies for the assembly of ports and complex components within the Vacuum Vessel at the world’s largest nuclear fusion project in Cadarache, Southern France.
Additionally, L&T has signed a Memorandum of Understanding (MoU) with the ITER Organization for technical collaboration on the project. Through this MoU, L&T will support the ITER Organization in developing cutting-edge technology for unique hardware and the assembly of fusion-relevant systems inside the ITER Tokamak's Vacuum Vessel to control plasma operations, with most activities centered in the Tokamak pit at the ITER site.
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According to Larsen & Toubro's project classification, a "significant" contract refers to an order with a value ranging between Rs 1,000 crore and Rs 2,500 crore.
Larsen & Toubro Ltd is a Large-Cap multinational conglomerate that is primarily engaged in providing engineering, procurement, and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology, and Financial Services in domestic and international markets.
On Friday, the shares of Larsen & Toubro Ltd closed the day at around Rs 3339 per share on the BSE. The current market capitalization stands at Rs 4.59 lakh crore. Additionally, the shares have delivered a return of around 15 per cent in the past year.
As per the Quarterly Results, in Q1 FY25, Larsen & Toubro Ltd recorded a revenue of Rs 55120 crore from Rs 47882 crore. The operating profit for Q1 FY25 stood at Rs 7046 crore. The net profit for Q1 FY25 stood at Rs 3445 crore compared to a profit of Rs 3096 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 221113 crore in FY24. The operating profit for FY24 was Rs 29865 crore with a net profit of Rs 15547 crore compared to a net profit of Rs 12531 crore in FY23.
Disclaimer: The article is for informational purposes only and not investment advice.