L&T bags several ‘large’ orders, stock trades flat
The company has witnessed a good order pipeline
Larsen & Toubro Ltd (L&T) has been trending on Dalal Street for its recent deal wins. The company has been awarded several large deals for various businesses. The buildings & factories business of the company has received a large order from the Government of Odisha to construct clinical blocks and allied infrastructure for a state-of-the-art hospital in Cuttack. The total built-up area is 3.4 million sq ft which is to be completed within 30 months.
The exact amount of the order is not specified. However, according to the company’s press release, the ‘large’ order is classified into the bracket of Rs 2,500 crore to Rs 5,000 crore. The second large order it had received was for the water and effluent treatment business of L&T from the State Water & Sanitation Mission (SWSM), Uttar Pradesh. The scope of the project involves implementing rural water supply projects catering to the potable water requirement of 1900 villages in the Prayagraj district. This involves constructing 68 Km of smart roads along with stormwater drains, cross drainage structures, a 24x7 water supply system, sewage collection network, and street lighting.
The third large order is for the power and distribution segment of the company which has been awarded in various geographies. It’s a slew of orders. One is to provide a dynamic reactive power compensator system at a 220kV substation in Abu Dhabi. Further in the Middle East region, the business has won orders to construct 380kV overhead transmission lines, 132kV network connections and to establish a 400kV substation. There are a couple more received from Bangladesh and India.
To put it in a nutshell, the infrastructure giant of the country has been bagging a good amount of orders in recent times. The above orders were announced in the last two days which makes it a trending company.
On December 16, 2021, the stock closed at Rs 1,875.00, marginally down by 0.3% on the BSE.
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