L&T builds on new order
Larsen & Toubro gained 1.4% to Rs 1480 after the company said on Wednesday it had secured a Rs 418 crore order for substations from the Abu Dhabi Water & Electricity Authority.
93,181 shares changed hands in the counter on BSE.The stock had moved in a range of Rs 1379 to Rs 1472 since early last month.
L&T has a strong order book. At the end of September 2006, L&T had an order backlog of Rs 30700 crore. This is almost 2.5 times to its current revenue. The company, post September, announced new orders worth Rs 6,796 crore including Rs 5,400 crore contract from GMR-led Delhi International Airport
L&T has been a key beneficiary of a boom in capital expenditure and infrastructure segment. Its qualification in almost all segments of infrastructure work, coupled with the relatively bigger size of its balance sheet, gives it an edge over other players in the country. L&T has the distinct advantage of having presence across the infrastructure and industrial sectors. L&T, of late, has been focusing on projects of large magnitude in airport, ports, power and upstream gas and oil sectors.
In an analyst meet held in November 2006, L&T said its sales will grow at 20% in October 2006 - March 2007, compared to 12% in the first half of the financial year, as it will execute a large part of the orders received in the second half of the financial year ended 31 March 2006. The company also said these orders enjoy a margin of 8.5%.
L&T has plans to increase its export revenue from the current 18.7% to 26% of the total income by the end of the financial year 2008. It has presence in the US, Europe and Arab market.L&T has also decided to start developing properties at Bangalore and Hyderabad, through Urban Infrastructure, its subsidiary, which had a land value of Rs 2,500 crore as on 1 October 2005.
93,181 shares changed hands in the counter on BSE.The stock had moved in a range of Rs 1379 to Rs 1472 since early last month.
L&T has a strong order book. At the end of September 2006, L&T had an order backlog of Rs 30700 crore. This is almost 2.5 times to its current revenue. The company, post September, announced new orders worth Rs 6,796 crore including Rs 5,400 crore contract from GMR-led Delhi International Airport
L&T has been a key beneficiary of a boom in capital expenditure and infrastructure segment. Its qualification in almost all segments of infrastructure work, coupled with the relatively bigger size of its balance sheet, gives it an edge over other players in the country. L&T has the distinct advantage of having presence across the infrastructure and industrial sectors. L&T, of late, has been focusing on projects of large magnitude in airport, ports, power and upstream gas and oil sectors.
In an analyst meet held in November 2006, L&T said its sales will grow at 20% in October 2006 - March 2007, compared to 12% in the first half of the financial year, as it will execute a large part of the orders received in the second half of the financial year ended 31 March 2006. The company also said these orders enjoy a margin of 8.5%.
L&T has plans to increase its export revenue from the current 18.7% to 26% of the total income by the end of the financial year 2008. It has presence in the US, Europe and Arab market.L&T has also decided to start developing properties at Bangalore and Hyderabad, through Urban Infrastructure, its subsidiary, which had a land value of Rs 2,500 crore as on 1 October 2005.
posted by SY at 4:03 PM
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