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15
February 2018
 |
L&T (The Total Investment & Insurance Solutions)
The
construction arm of Larsen & Toubro Ltd has won orders
worth Rs1,585cr across the following business segments:
Transportation Infrastructure business has won an order worth Rs513cr. The business has bagged a new order from the National Highways Authority of India (NHAI) for the four laning of the highway in the Aurangabad to Karodi section of NH-211 (New NH No 52) in Maharashtra on engineering, procurement and construction (EPC) mode. The Total Investment & Insurance Solutions
Power Transmission and Distribution Business has won orders worth Rs500cr. The business has secured an order for constructing 220kV & 110kV Transmission Lines in Kochi, Kerala.
Water & Effluent Treatment Business has won an order worth Rs371cr. The business has secured an EPC order from Rural Water Supply and Sanitation, Odisha for providing water supply. The Total Investment & Insurance Solutions
Metallurgical & Material Handling Business has bagged orders worth Rs201cr in the area of Blast Furnace Revamp & product business.
L&T's order book rose 4.7% yoy to Rs2.71 lakh cr at the end of Q3FY18. The company's infrastructure order book grew 3% yoy to Rs1.99 lakh cr at the end of Q3FY18. L&T is well placed to benefit from the uptick in the investment cycle. Capital expenditure is expected to pick-up in India led by resolution of bad debt, pick-up in capacity utilisation and recovery in demand.
Larsen & Toubro Ltd is currently trading at Rs1,363.05, up by Rs5.35 or 0.39% from its previous closing of Rs1,357.7 on the BSE.The Total Investment & Insurance Solutions
Transportation Infrastructure business has won an order worth Rs513cr. The business has bagged a new order from the National Highways Authority of India (NHAI) for the four laning of the highway in the Aurangabad to Karodi section of NH-211 (New NH No 52) in Maharashtra on engineering, procurement and construction (EPC) mode. The Total Investment & Insurance Solutions
Power Transmission and Distribution Business has won orders worth Rs500cr. The business has secured an order for constructing 220kV & 110kV Transmission Lines in Kochi, Kerala.
Water & Effluent Treatment Business has won an order worth Rs371cr. The business has secured an EPC order from Rural Water Supply and Sanitation, Odisha for providing water supply. The Total Investment & Insurance Solutions
Metallurgical & Material Handling Business has bagged orders worth Rs201cr in the area of Blast Furnace Revamp & product business.
L&T's order book rose 4.7% yoy to Rs2.71 lakh cr at the end of Q3FY18. The company's infrastructure order book grew 3% yoy to Rs1.99 lakh cr at the end of Q3FY18. L&T is well placed to benefit from the uptick in the investment cycle. Capital expenditure is expected to pick-up in India led by resolution of bad debt, pick-up in capacity utilisation and recovery in demand.
Larsen & Toubro Ltd is currently trading at Rs1,363.05, up by Rs5.35 or 0.39% from its previous closing of Rs1,357.7 on the BSE.The Total Investment & Insurance Solutions
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