L&T Construction Bags orders worth Rs1,593cr

The construction arm of Larsen & Toubro Ltd has won orders worth Rs1,593cr across the following business segments:

Water & Effluent Treatment Business has won an order worth Rs1,058cr from the following entities.

The business has secured an EPC order from Udaipur Smart City Limited for Integrated Infrastructure package of the ABD area of Udaipur City. It is the first of its kind brownfield project for the development of smart infrastructure in the city. The scope of work includes design, rehabilitation & upgradation of 24×7 water supply network.

Another order has been secured from the Rural Water Supply and Sanitation, Odisha for providing water supply to various districts in Odisha.

The Dholera Industrial City Development Limited has also awarded the work for design & construction of Industrial Effluent Pumping Stations, Common Effluent Treatment Plant (CETP), Master Balancing Reservoir – Recycled Water and Pumping Station at Dholera, Gujarat.

Buildings & Factories business has won an order worth Rs535cr. The business has received order from from a reputed IT major for construction of an IT park in Hyderabad.

L&T’s order book rose 4.7% yoy to Rs2.71 lakh cr at the end of Q3FY18. The company’s infrastructure order book grew 3% yoy to Rs1.99 lakh cr at the end of Q3FY18. L&T is well placed to benefit from the uptick in the investment cycle. Capital expenditure is expected to pick-up in India led by resolution of bad debt, pick-up in capacity utilisation and recovery in demand.

Larsen & Toubro Ltd is currently trading at Rs1,320.35 up by Rs1.25 or 0.09% from its previous closing of Rs1,319.10 on the BSE.

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