LT Construction wins new orders worth Rs 2,962 cr

Written By Unknown on Senin, 06 Januari 2014 | 23.07

Infrastructure major  Larsen and Toubro 's construction wing has won new orders worth an aggregate Rs 2,962 crore across various business segments.

"The Buildings and Factories Business has bagged new orders worth Rs 1,555 crore," the company said in a filing with the BSE. The contracts won by Buildings and Factories Business include a large turnkey order from an information technology major for construction of two technology centres in Bangalore and a turnkey order for infrastructure development of three government medical colleges in Cuttack, Sambalpur and Behrampur in Odisha, it said.

Also read: 2014 belongs to cement, logistics: Prakash Diwan  

Besides, an order has also been received from Cochin International Airport to build the new international terminal complex building in Kochi with the capacity to handle 10 million passengers annually. Apart from few other orders won by the Buildings Division, the Water & Renewable Energy Business of the company has bagged "new orders worth Rs 726 crore" including contracts for a combined water supply scheme to 1,891 habitations in Pudukkottai and Sivagangai districts in Tamil Nadu from Tamil Nadu Water Supply & Drainage Board, it said.

"The Power Transmission & Distribution Business has bagged new orders worth Rs 258 crore", the company said, adding that this includes an order from Transmission Corporation of Andhra Pradesh for work of supply, erection, testing and commissioning of a 400 kV double circuit transmission line.

The company also received additional orders worth Rs 423 crore from various ongoing projects in Metallurgical & Material Handling, Heavy Civil and Transportation Infrastructure Businesses of L&T construction, it added.

Larsen & Toubro is a USD 14 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations. The shares of the company were trading at Rs 1,013 apiece during late morning trade, up 0.12 per cent from the previous close on the BSE.


Larsen stock price

On January 06, 2014, Larsen and Toubro closed at Rs 1011.30, down Rs 0.95, or 0.09 percent. The 52-week high of the share was Rs 1152.40 and the 52-week low was Rs 678.10.


The company's trailing 12-month (TTM) EPS was at Rs 50.16 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 20.16. The latest book value of the company is Rs 272.92 per share. At current value, the price-to-book value of the company is 3.71.


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