L&T Construction has won significant (ranging from Rs1000-2500 crore) orders for its buildings & factories business from a leading automobile major to construct a state-of-the-art manufacturing facility in Haryana. The scope involves design & execution of civil, structural & architectural works including external development works. The business has also won an order from the Government of Assam, Public Works Department to construct a police reserve campus in Guwahati.
Given the healthy order prospects and order book, 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.
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