L&T Achieves Record Order Inflow in Q2

01 Nov 2023 CW Team

Larsen & Toubro (L&T), a prominent engineering and construction firm, reported its highest-ever quarterly order inflow of Rs. 891.53 billion in the July-September period, marking a 72 per cent year-on-year increase. The consolidated order book as of September 30 reached Rs. 4.50 trillion, with international orders contributing 35 per cent of the total.

L&T has set a guidance of 10-12 per cent year-on-year growth in order inflow for the fiscal year 2023-24. As of September 30, the company was already 65 per cent ahead of the previous year's order intake and anticipates surpassing this guidance. The order inflow for the April-September half-year period amounted to Rs. 1.54 trillion, demonstrating a 65 per cent year-on-year growth.

The July-September quarter's order inflow was primarily driven by strong demand for projects in the Middle East and North Africa, particularly from Saudi Arabia.

In L&T's latest earnings report for the July-September period, the conglomerate revealed a consolidated profit after tax of Rs. 32.23 billion, reflecting a 45 per cent increase compared to the same period in the previous year. Consolidated revenues for the quarter stood at Rs. 510.24 billion, marking a 19 per cent year-on-year growth.

Despite the positive trends in order inflow and earnings, L&T's consolidated operating margin for the quarter declined slightly to 11 per cent compared to 11.4 per cent in the previous year. The margin performance was affected by increased input costs associated with legacy pre-COVID projects, which are gradually nearing completion.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..