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News: L&T Construction arm has secured significant order (ranging from Rs 1,000-2,500 crore) for construction of commercial space in Hyderabad from a reputed and prestigious commercial developer. The mandate is to construct two towers with commercial office space in Hyderabad with approximate built-up areas of 28.91 lakh sq ft and 28.53 lakh sq ft, respectively. The project scope includes civil work for the composite structure including MEP, finishes & fade to construct the towers in 6B+G+22 floors and 6B+G+41 floors configurations. The project is scheduled to be completed in 18 months
Views: The order inflow momentum looks set to continue with a strong Rs 6.3 lakh crore-prospects pipeline with better conversion ratio. In H1FY23, L&T announced order inflows of ~Rs 93,719 crore. The management is confident of achieving full year guidance of ~Rs 2,21,899 crore i.e. 15% growth for FY23E. Also, it retained its 12-15% revenue growth guidance for FY23E
Impact: Positive