Larsen & Toubro bags orders worth Rs 1,810 crore

Engineering major Larsen & Toubro (L&T) on Monday said it has bagged orders worth Rs 1,810 crore across various verticals so far in this month. The company’s construction arm has secured these contracts in the buildings and factories, water, power and transportation infrastructure businesses, a statement issued here stated. In the buildings and factories division, L&T has secured an order worth Rs 740 crore from a leading real estate company to construct a commercial complex in Gurgaon. The scope of the contract, which is to be completed in 24 months, includes structural, mechanical, electrical and plumbing (MEP), finishes, landscaping and other allied works, the company said. L&T has secured a water supply order worth Rs 573 crore in its water and effluent business, from the Telangana government’s rural water supply and sanitation department under the Telangana drinking water supply project (Phase II). The project includes construction of three water treatment plants, 1,700 km of pipeline network, 15 major water storage reservoirs and other associated works to meet the water needs of various habitations of the Khammam district in the state. In the power transmission and distribution vertical, the company has bagged a turnkey order worth Rs 192 crore from the Transmission Corporation of Telangana for the supply, erection, testing and commissioning of a 400 kV quad moose double circuit transmission line which will run across Adilabad and Karimnagar districts of Telangana. L&T has also secured an order from the Delhi Metro Rail Corporation for the supply, installation, testing and commissioning of ballastless track of standard gauge. The project will be executed in the elevated and underground sections of Mundka to Bahadurgarh and Dwarka to Najafgarh along with ballasted/ballastless tracks in depots of the Delhi MRTS Project Phase-III. Additional orders, across businesses of L&T Construction, have also been received from various ongoing jobs, the company said. Larsen stock price On September 21, 2015, at 14:41 hrs Larsen and Toubro was quoting at Rs 1555.00, up Rs 15.00, or 0.97 percent. The 52-week high of the share was Rs 1892.95 and the 52-week low was Rs 1400.00. The company’s trailing 12-month (TTM) EPS was at Rs 52.26 per share as per the quarter ended June 2015. The stock’s price-to-earnings (P/E) ratio was 29.76. The latest book value of the company is Rs 398.31 per share. At current value, the price-to-book value of the company is 3.90.