L&T wins large prestigious contractsLT - 3389 Change: 33.50 (1.00 %)
News: L&T Hydrocarbon Engineering (LTHE) has secured two offshore packages from a prestigious overseas client. Work comprises EPC for new facilities and integration with existing installations.
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 the medium term. We expect standalone revenue, EBITDA CAGR of 12.1%, 12%, respectively, in FY21-23E.