L&T construction awarded significant contracts ( ranging from Rs.1000-2500 crore)

News: L&T Construction was awarded a significant contract ( ranging between Rs.1000 to Rs.2500 crore) for its various businesses including an EPC order for 12 MTPA Dry Circuit Systems on a turnkey basis for screening plant from NMCD and a prestigious order from DRDO to construct thier Flight Control System Facility at ADE, Bengaluru.

Views: Overall, L&T has won orders worth Rs.68700 crore for H1FY22. Further, continued momentum to win large/mega complex orders/ projects to substantially improve L&T's order intake for FY22E despite challenging environment. This will further strengthen its order book and enhance its revenue visibility in medium term. We expect standalone revenue, EBITDA CAGR of 12.1%, 12% over FY21-23E.