Closing in on its target of achieving its order forecast of ₹1.7 lakh crore, engineering and construction major Larsen and Toubro (L&T) has won ‘large’ orders from clients across India.
As per the company’s project classification, the value of contracts were in the “large” category viz. in the range of ₹2,500 crore to ₹5,000 crore.
The orders include those for construction of hospitals, commercial complex and smart city projects.
Hospitals’ construction
The buildings and factories business has secured an order from Jharkhand State Building Construction Corporation Limited for the construction of two 500-bed hospitals at Jamshedpur and Dumka respectively.
An order had been secured from a leading developer for the construction of a 108-metre tall commercial complex in Hyderabad, said the company in a statement, adding the business had also secured an order from a renowned construction machinery manufacturer for putting up a manufacturing facility in Gujarat.
The water and effluent treatment business had received four orders from the Government of West Bengal.
The business had also secured an EPC order from the Andhra Pradesh Capital Region Development Authority. The company had also secured EPC orders from Faridabad Smart City Limited and Patna Smart City Limited.
L&T is on track to close the financial year with at least Rs 1.68 lakh crore worth of fresh orders, meeting the target set at the start of the fiscal. The company, with an order inflow of ₹1,52,908 crore in FY18, had given guidance of 10-12% growth in order inflow this year.
L&T’s Group CFO R. Shankar Raman told The Hindu, “We are on course to achieve our order guidance this fiscal.”
L&T shares closed down 1.21% on the BSE to ₹1,377.2 in a weak Mumbai market on Monday.