Larsen & Toubro wins orders worth Rs 2416 crore

The construction company, Larsen & Toubro (L&T) has won orders amounting to Rs. 2,416 crore across three business segments – building & factories, power transmission & distribution, and smart world & communication – on June 27.

The company is currently trading at Rs 1448.95 on BSE and the opening price was Rs 1440, up by 15.35 or 1.07 per cent, and the day's high / low is Rs 1430/Rs 1454.25 so far. The stock had outperformed the market over the past one month, but on June 24 it rose by 15.48 per cent compared with 4.32 per cent rise in the Sensex.

The company has an equity capital of Rs 186.40 crore. L&T said that the building & factories business of its construction arm won orders worth Rs 1165 crore; power transmission & distribution business bagged orders worth Rs 1120 crore in the domestic and international markets; and smart world and communication business won orders worth Rs 131 crore in June 2016.

As per the financials of the company, consolidated revenue from operation has grown by 10.14% or to Rs 101336.05 crore in FY16 on a yearly basis as compared to FY15. Whereas the consolidated profit has grown by 12.25% or Rs.5537.99 crore in FY16 on a yearly basis as compared to FY15.

L&T deals with technology, engineering, construction and manufacturing. Its operating divisions include Engineering and Construction Projects, Heavy Engineering, Construction, Power, Electrical and Electronics, Machinery and Industrial products, IT & Engineering services, Financial services, Railway Projects and Ship Building.