Rs 7+ lakh crore order book: L&T Transportation Infrastructure Vertical Wins Road Development Contract in Dubai
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The stock is up by 41 per cent from its 52-week low and has given multibagger returns of 170 per cent in the last 5 years.
The Transportation Infrastructure business vertical of L&T has secured a significant contract for the improvement of Latifa Bint Hamdan Street in Dubai, UAE. The order pertains to the Phase-1 of the road development initiative undertaken by the UAE authorities. The scope of the project includes upgrading the existing road corridor stretching from Emirates Road (E611) to Sheikh Mohammed Bin Zayed Road (E311). The work involves widening the current two-lane dual carriageway into a four-lane dual carriageway in each direction to enhance network capacity and ease traffic flow. The order is valued between Rs 1,000 crore and Rs 2,500 crore.
A significant feature of the project will be the Construction of a major structural interchange at E311, designed to enable seamless traffic movement across all directions. Beyond the interchange, the corridor will be extended with a new four-lane dual carriageway along Latifa Bint Hamdan Street. The development also includes a dedicated interchange to facilitate U-turn movements and provide improved access to developments located on both sides of the corridor. The project is scheduled to be completed in 36 months
About the Company
Larsen & Toubro (L&T) is a massive Indian conglomerate with its fingers in many pies. Their core business is engineering, procurement and construction (EPC) solutions across various sectors like infrastructure, power, hydrocarbon (oil & gas) and Defence. They also manufacture custom-designed machinery for these industries and even have a Real Estate arm. L&T is a major player in IT services through subsidiaries like L&T Infotech and Mindtree and provides financial services like rural and housing finance through L&T Finance Holdings. They even handle development projects involving infrastructure, toll management and power generation.
The company has a market cap of over Rs 5 lakh crore and has been maintaining a healthy dividend payout of 33 per cent. Life Insurance Corporation of India (LIC) owns a 13.60 per cent stake in the company as of June 2025. The company has a robust Order Book valued at Rs 7,33,200 crore as of December 31, 2025. The stock is up by 41 per cent from its 52-week low and has given multibagger returns of 170 per cent in the last 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.