Rs 5,10,100 crore order book: LIC-backed civil construction company receives order worth more than Rs 15,000 crore for thermal power plants from NTPC Ltd

The stock is up 20.4 per cent from its 52-week low and gave multibagger returns of 160 per cent in the last 5 years.

Larsen & Toubro (L&T), India’s premier tech-led conglomerate, has announced that L&T Energy CarbonLite Solutions has secured ‘Limited Notice to Proceed’ (LNTP) from NTPC Ltd for setting up thermal power plants in Madhya Pradesh and Bihar. The orders pertain to main plant packages of 2x800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh and 3x800 MW Stage-II thermal power plant at Nabinagar in Bihar. The scope of work involves design, engineering, manufacturing, supply, erection and commissioning of boilers, turbines, electrostatic precipitators (ESP), auxiliaries, along with the related mechanical, electrical, instrumentation and civil works. The order is classified as Ultra Mega, as the exchange filing indicates it exceeds Rs 15,000 crore.

L&T Energy CarbonLite Solutions, a business vertical of L&T, is uniquely positioned to combine rich and diverse experience in engineering, manufacturing and project execution with a strong focus on providing solutions for power and low carbon processes. Its in-house strengths are supplemented by collaborations with global leaders in the fields of engineering and manufacturing.

Commenting on the development, Mr Subramanian Sarma, Whole-time Director & President (Energy) – L&T, said: “Winning LNTP for ultra super-critical projects highlights our expertise and reputation in delivering innovative solutions. We deeply value the trust our clients place in us and are committed to achieving excellence. We look forward to ensuring delivering the projects with exceptional outcomes that meet our high standards of execution within a strict timeline.”

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 5 lakh crore and has been maintaining a healthy dividend payout of 34.6 per cent. Life Insurance Corporation of India (LIC) owns a 12.31 per cent stake in the company as of September 2024. The company has a robust order book valued at Rs 5,10,100 crore as of September 30, 2024. The stock is up 22.5 per cent from its 52-week low and gave multibagger returns of over 150 per cent in the last 3 years. Investors must keep this Large-Cap stock. 

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