L&T has bagged various new orders worth Rs. 2,542cr - Angel Broking

Larsen & Toubro (L&T) said it has bagged new orders worth Rs. 1,021cr in the building and factories business segment. Also, its civil infrastructure segment has bagged orders worth Rs. 866cr from Kochi Metro Rail project. The Transportation segment secured an order worth Rs. 315cr which involves the design and construction of electrification, signaling, telecommunication and associated works for a double track railway line between Karwandiya to Durgauti section of the eastern corridor. The company has secured orders worth Rs. 148cr from the Public Health Engineering Department, Rajasthan for a water supply system to 97 villages. Additional orders have been received for Rs. 192cr, under the power transmission and distribution business.

We continue to maintain Accumulate rating on the stock with a target price of Rs. 1,795.

Source : Equity Bulls

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