- 16 Sep 2022
- ICICIdirect Research
L&T BAGS NEW ORDER
LT - 3660 Change: 13.75 (0.38 %)News:
L&T Construction has won a significant order (ranging from Rs1000-2500 crore) under its water and effluent treatment business. L&T secured a repeat order from the Department of Water Resources, Odisha Government, to execute a pressurised underground pipeline irrigation network system for the right command of lower Suktel irrigation project. The project scope involves survey, design, engineering, supply, laying, installation & commissioning of MS, DI & HDPE pumping main & distribution network with all allied electromechanical & automation works.
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L&T's total ordering prospects/pipeline for remaining 9MFY23E are at Rs 760000 crore, which comprises Rs 610000 crore of domestic and Rs 150000 crore of international pipeline. From a segment perspective, infrastructure segment prospects are pegged at Rs 560000 crore (water 22%, T&D 19%, transportation 19%, B&F 20%, heavy civil 19%). L&T registered decent order inflows in Q1FY23 worth Rs 41805 crore, up 57% YoY.
Impact:
Positive.