L&T Set to Surpass Rs 5,00,000 crores Order Book Early

09 Feb 2024 CW Team

Larsen & Toubro (L&T), a prominent engineering and infrastructure conglomerate, is poised to achieve a significant milestone by surpassing its Rs 5,00,000 crores order book target ahead of its projected timeline. This breakthrough is expected in the first half of the next fiscal year, a year earlier than initially estimated. L&T's CFO, R Shankar Raman, highlighted this development, noting the influence of upcoming elections on order growth. The company's growth is primarily driven by the infrastructure and energy sectors, alongside various sub-sectors. As of December 31, L&T's consolidated order book was at Rs 470000 crores, with 39% of orders originating from global markets. Despite opportunities in solar rooftops, L&T is focusing on larger scale projects. Additionally, L&T is venturing into semiconductor design, planning a significant investment in this area. The company is also making strides in reducing debt, particularly in the Hyderabad metro project, and is on track with its 'Lakshya 2026' plan, aiming for revenues of Rs 2,70,000 crore and a return on equity over 18% by FY26.

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