- 17 Oct 2022
- ICICIdirect Research
L&T WINS ANOTHER SIGNIFICANT ORDER
LT - 3684 Change: -46.75 (-1.25 %)News:
L&T Construction has been awarded significant contracts (ranging from Rs 1,000-2,500 crore). The water & effluent treatment business of L&T Construction has secured repeat orders from the Narmada Water Resources, Water Supply & Kalpsar Department, Gujarat government, to execute pumping system and pipeline works from Tappar Dam to Nirona Dam (Northern Link). The scope of work involves design, supply, construction & commissioning of pump houses & pipelines, with associated electrical & automation works. The turnkey project aims to strengthen water resources in Kachchh district, Gujarat by filling existing reservoirs that will irrigate 36,392 hectares of land.
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In Q2FY23E, Larsen & Toubro announced orders in the range of Rs 10,500-25,500 crore (as on date, ex-services segment) across railway, hydrocarbon, power T&D, water treatment, heavy engineering, buildings & factories segments. L&T is on track to maintain its revenue and order inflow guidance of 12-15%, with core EBITDA margin of ~9.5%, for FY23.
Impact:
Positive.