Stock Market

Infra stock in focus after receiving ₹5,000 Cr order from Madhya Pradesh Tourism and Assam Govt

Alex Smith

Alex Smith

5 days ago

3 min read 👁 2 views
Infra stock in focus after receiving ₹5,000 Cr order from Madhya Pradesh Tourism and Assam Govt

Synopsis: The shares made a recovery from the day’s low after the company reported that its Building & Factories vertical received multiple orders, including several government orders.

The share of this company is a multinational conglomerate that is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors of domestic and international markets, gained investor traction after announcement of the order receipt.

With a market capitalization of Rs. 5,58,430.81 crore, Larsen & Toubro Ltd’s share on Wednesday made a day high of Rs. 4,081.50 per share, up around 0.5 percent from its previous day’s close price of Rs. 4,062.35 per share. It has delivered a return of 216.73 percent over a period of five years.

Significant Orders

Larsen & Toubro’s Buildings & Factories business has bagged several “large” orders in India, spanning tourism, sports infrastructure and luxury housing. These wins fall in L&T’s Rs.2,500 to 5,000 crore project classification bracket, adding to its EPC order book.

The business has secured one order from Madhya Pradesh State Tourism development corporation to construct Advait Lok (Acharya Shankar Museum Complex & Parking) at Omkareshwar in Khandwa district. The EPC order entails the development of a state-of-the-art global museum, distinguished by large-scale, intricate stone carvings and glass fibre reinforced concrete architectural elements. 

The scope includes civil structures and architectural finishes, mechanical, electrical and plumbing (MEP) services, external development including parking facilities, and operations and maintenance for five years. The project is to be delivered in 36 months.

The second order is also an EPC order from the Assam Government for the redevelopment of R G Baruah Sports Complex located at Sarusajai in Guwahati. The project involves the construction of a FIFA-compliant football stadium with a seating capacity of 25,000. In addition, the project includes developing a range of sports and allied facilities. The project is to be delivered in 27 months.

The business bagged another order from a reputed developer for the construction of luxury highrise residential towers in Mumbai. This project comprises three towers featuring two basements, a ground floor and 45 to 66 upper floors, incorporating reinforced concrete shell and core structures, premium finishes and comprehensive MEP services. The towers will rise to a height of up to 230 metres.  

About the Company

Larsen & Toubro Ltd is a multinational conglomerate which is primarily engaged in providing engineering, procurement and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology and Financial Services in domestic and international markets

These orders will add to its strong order book of Rs. 6,670 billion, representing a growth of 31 percent YoY in Q2 FY26 and order inflow in the second quarter was up by 45 percent YoY to Rs. 1,158 billion. Accompanied by PAT growth of 16 percent  YoY to Rs. 39 billion, and the was ROE up by 110 basis points  YoY to 17.2 percent

Written by Gourav Pratap Singh

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Infra stock in focus after receiving ₹5,000 Cr order from Madhya Pradesh Tourism and Assam Govt appeared first on Trade Brains.

Related Articles