Shares of Larsen & Toubro (L&T) jumped over 3%, touching the day's high of Rs319.90, on winning new orders worth Rs 1306 crore across various business segments in February 2012.
L&T said that the power transmission & distribution Independent Company has secured new orders aggregating to Rs514 crore from various clients. This includes a major order from Power Grid Corporation of India for the construction of a 765 kilovolts (KV) double circuit transmission line from Varanasi to Kanpur and 400 KV double circuit lines from Varanasi to Saranath and Sasaram to Allahabad. Additional orders have also been received from other reputed customers.
The building & factories Independent Company secured new orders worth Rs451 crore for the construction of residential towers and also for civil, structural and mechanical erection works for construction of a cement plant, L&T said in a statement.
In the solar business unit, L&T Construction has secured an order worth Rs220 crore from a leading developer for the construction of a 23 megawatts (MW) solar PV plant on engineering, procurement and construction basis in Rajasthan.
The company's infrastructure Independent Company has secured new orders valued at Rs121 crore from Kolkata Metro Rail for the construction of a 2.7 kilometers (KM) viadut from madhyamgram to Hridaypur including a station building at Madhyamgram and other related works in connection with the extension of the Metro Railway from Noapara-Barasat at Kolkata, L&T said in a statement.
View: Positive as new order win has become very crucial for L&T in the light of tough business environment and recent cut in its order inflow guidance. The company requires an order inflow of Rs34,342 crore to achieve our 3% growth assumption for FY12 order inflow.
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L&T said that the power transmission & distribution Independent Company has secured new orders aggregating to Rs514 crore from various clients. This includes a major order from Power Grid Corporation of India for the construction of a 765 kilovolts (KV) double circuit transmission line from Varanasi to Kanpur and 400 KV double circuit lines from Varanasi to Saranath and Sasaram to Allahabad. Additional orders have also been received from other reputed customers.
The building & factories Independent Company secured new orders worth Rs451 crore for the construction of residential towers and also for civil, structural and mechanical erection works for construction of a cement plant, L&T said in a statement.
In the solar business unit, L&T Construction has secured an order worth Rs220 crore from a leading developer for the construction of a 23 megawatts (MW) solar PV plant on engineering, procurement and construction basis in Rajasthan.
The company's infrastructure Independent Company has secured new orders valued at Rs121 crore from Kolkata Metro Rail for the construction of a 2.7 kilometers (KM) viadut from madhyamgram to Hridaypur including a station building at Madhyamgram and other related works in connection with the extension of the Metro Railway from Noapara-Barasat at Kolkata, L&T said in a statement.
View: Positive as new order win has become very crucial for L&T in the light of tough business environment and recent cut in its order inflow guidance. The company requires an order inflow of Rs34,342 crore to achieve our 3% growth assumption for FY12 order inflow.
....more info