L&T Construction Secures Multiple Orders for Heavy Civil Infrastructure Business

In morning trade, Nifty and Sensex showed slight gains, with Nifty trading higher by 0.1% and Sensex by 0.115%, respectively. However, in a minor setback, Sensex declined by 0.08% and Nifty by 0.09%.

Today, L&T Construction’s Heavy Civil Infrastructure business vertical has achieved a significant milestone by securing multiple prestigious orders. One of these orders comes from Rail Vikas Nigam Limited (RVNL) and involves the Design and Construction of an Underground Metro Project for the Joka – Esplanade Metro Corridor in Kolkata.

The project spans 5.05 km (from chainage 9063.00m to 14113.00m) and includes the construction of four underground stations (Khidderpore, Victoria, Park Street, and Esplanade), tunnels using Tunnel Boring Machine and Cut & Cover methods, architectural finishing works, track works, and more.

In addition, L&T has also secured a significant mandate from a reputable client in the Middle East. This marks the first of its kind for L&T in the Middle East market. The scope of work includes a comprehensive package involving Feasibility study, Concept design, Detailed design, Construction, and installation of Special systems for strategic purposes.

Company profile

Larsen & Toubro Ltd is a multinational conglomerate primarily focused on delivering engineering, procurement, and construction (EPC) solutions in crucial sectors such as Infrastructure, Hydrocarbon, Power, Process Industries, Defence, Information Technology, and Financial Services. The company operates in both domestic and international markets, offering a diverse range of services and expertise across various industries.

The company has consistently maintained a robust dividend payout ratio of 37.2%, reflecting its commitment to rewarding shareholders with a healthy share of profits.

The stock has witnessed significant buying activity as it has surged more than 192% in the last three years. 

In dampen market sentiments, the shares of Larsen & Toubro Limited plunged 0.47%. The company’s current market capitalisation is Rs 3,74,935.71 crore.

Keep a close eye on this trending stock. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.