Weekly Recap: Order book up 28% and ₹1,000–2,500 crore project wins
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Larsen & Toubro Limited Sponsored GDR Reg-S (NSE:LT) reported Q2 order inflow up 27.5% year over year to about ₹1.5 lakh crore, while its order book reached ₹8.54 lakh crore, up 28%. The company also secured ₹1,000–2,500 crore in construction orders and is evaluating ventures in areas including drones, battery storage and EV motors.
Previous Week Recap
- Q2 Orders And Backlog Surge: Larsen & Toubro’s Q2 order inflow rose 27.5% year over year to about ₹1.5 lakh crore. Its order book reached ₹8.54 lakh crore, up 28%, with international orders at 54%.
Businessworld - Major Residential And Commercial Orders: Larsen & Toubro (LT) secured ₹1,000–2,500 crore in orders to build residential towers in Mumbai and Bengaluru, a commercial tower in Hyderabad, and undertake add-on work for ongoing projects.
3 sources - Exploring New Business Ventures: Larsen & Toubro (LT) is weighing ventures in drones, battery storage, rocket parts, tunnel boring machines and EV motors. Each opportunity is at a different review stage; not all may proceed.
Mint - Analysts See 14% Upside: LT’s average 12-month target rose to INR 4,487.4...