L&T Construction gets awarded significant contracts ( ranging at Rs.1000-2500 crore).

News: L&T Construction has been awarded a large contract ( ranging between Rs.2500 and Rs. 5000 crore) for its buildings and factories business from Central Public Works Department (CPWD) to construct Common Central Secretariat Integrated Buildings 1, 2 and 3 in Plot 137, New Delhi with a built-up area of approx. 48.11 Lakh Sq.ft. including its Operation and Maintenance.

Views: Overall, L&T has won orders worth 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