L&T has bagged various orders worth Rs. 4,160cr - Angel Broking

Larsen & Toubro has bagged various orders worth Rs. 2,319cr from reputed clients across the country in the Building & Factories segment. This includes a major order for construction of residential towers in Delhi and Chennai. In the power Transmission and Distribution segment the company has bagged various orders worth Rs. 974cr which includes major turnkey order from Madhyanchal Vidyut Vitran Nigam ltd for various rural electrification works under Rajiv Gandhi Grameen Vidyutikaran Yojna (RGGVY) phase-II in Barabanki and Lakhimpur District. Also, the company has bagged various orders worth Rs. 735cr in the water and renewable energy business. A major order has been received from Public Health Engineering Department, Rajasthan for regional water supply schemes. The scope includes turnkey construction of water supply network for 256 villages and five towns under the Ratangarh-Sujangarh water supply project. We continue to maintain Buy rating on the stock with a target price of Rs. 1,002.

Source : Equity Bulls

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