While the company did not disclose the value of the order, it generally classifies them significant, if the value is in the range of around Rs 1,000-2,500 crore
The construction arm of Larsen & Toubro has secured orders from prestigious clients for its various businesses, the engineering major said on Friday.The power transmission distribution business has won orders to design and construct two sub-stations in Dubai, UAE.The factories business of buildings and factories has secured another order from a leading cement manufacturer to construct a 3.5 million tonnes per annum brownfield cement plant in Nimbahera, Rajasthan.The railway strategic business unit that resides within the transportation infrastructure business has won an order from the Central Organisation for Railway Electrification (CORE).The project is part of mission electrification initiative of the central government aimed to electrify the entire Indian Railway Network to reduce the carbon footprint as well as reduce the expenditure on diesel.Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services with over 21 billion ...
The good news is that since October 2020, revenues for FY2021 month-on-month are much better compared to FY2020, said CEO Pathak
Consolidated Group order book at record high of Rs 331,061 crore as on Dec 31, 2020
The scope of the project includes construction of tunnels, formation, construction shaft, and other ancillary works between Rishikesh and Karanprayag
Infrastructure company Larsen & Toubro (L&T) on Thursday said its construction arm has received multiple orders across its business segments in the domestic market. The company did not disclose the value of the contracts but said the orders fall under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to the classification of contracts. "The construction arm of L&T has secured (significant) orders from prestigious clients for its various businesses," L&T said in a regulatory filing. The company said its buildings and factories business has won an order from a reputed developer to construct an office space in Mumbai. The scope of the project includes construction of two towers comprising four basements, G+21 (ground + 21) floors with a built-up area of 33.50 lakh square feet. It has also won an order from the Haryana government to construct a Medical College at Jind. The scope of the project includes construction of a hospital .
As working capital requirements also rise, analysts estimate earnings to dip in FY21
"The scope involves civil, structural, architectural and other external development works," says the company