Larsen & Toubro construction wins a major project for its water and effluent treatment business

The company has bagged repeat orders from the Government of Madhya Pradesh.

On January 03, 2023, the company informed in the exchange filing that it has bagged major orders (Rs 5000-7000 crore) from the Government of Madhya Pradesh to execute two lift irrigation projects to irrigate 2,05,000 Ha of culturable command area covering more than 500 villages of Devas and Dhar districts in the state of Madhya Pradesh on a turnkey basis.

The order includes Survey, Design, Engineering, Procurement, Construction of Pump Houses, Laying of Rising & Gravity Mains, Distribution Network and SCADA for controlling & regulating the entire system. The micro irrigation projects will lift 60 cumecs of water from the Narmada River to irrigate the farmlands benefitting 3,00,000 farmers in the process. The state-of-the[1]art automation system with field instruments and automated valves will ensure a round-the-clock supply of water during the Rabi season.

Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries and Defence - for customers in many countries around the world.

Today, the stock opened at Rs 690.00 with a high and low of Rs 741.50 and Rs 689.40. The stock previously closed at Rs 688.60. The stock closed trading today at Rs 734.55, up by 6.67%.

In the last six months, the shares of the company have given 11.61% returns and on a YTD basis, the stock has given -15.66 returns.

The stock has a 52-week high of Rs 920.00 and a 52-week low of Rs 588.00. The company has a ROCE of 142% and an ROE of 48.2% with a market capitalisation of Rs 4,64,602.71 crore.