Larsen and Toubro bags EPC ordersLT - 3024 Change: 13.55 (0.45 %)
News: The buildings and factories (B&F) business of L&T Construction has recently secured significant (ranging from Rs1000-2500 crore) EPC orders in India. The orders have been received from a reputed developer to construct commercial towersat two locations in Mumbai. The scope of the work includes four-level basements and two towers of 70 floors and 50 floors, respectively to be done in 40 months. The other location will have four-level basements and two towers of 19 floors each to be completed in 35 months.
Views: In FY23, L&T’s order inflow was at Rs 2.30 lakh crore vs. Rs1.92 lakh crore. L&T’s total ordering prospects/pipeline for FY24E is at Rs 9.73 lakh crore. Order book was at Rs 3.99 lakh crore in FY23 with domestic orders contributing to 72% and international orders contributing to 28%. The company has given order inflow guidance of 10-12% and revenue guidance of 12-15% for FY24.