Larsen & Toubro expects to win Rs 2-trillion order from Centre in FY24

The country’s largest infrastructure firm, Larsen and Toubro, is expecting to win Rs 2-trillion worth of new orders from the government’s mega capex spending on roads, highways and railways announced in the Budget this year.

R Shankar Raman, chief financial officer, L&T, said the Centre’s orders will play an important role in L&T’s guidance of 10-12 per cent growth in order inflows, which is expected in the ongoing financial year. The company ended the financial year 2022-23 with record orders of Rs 4 trillion.

“We have a win rate of 20 per cent in government orders, or about one in