S N Subrahmanyan, LT
Source: CNBC
Expect order momentum to continue in Q3 as well
L&T Construction has won new orders valued at over Rs 1,063 crore across various business segments in October. It has bagged orders across a series of businesses for different verticals like engineering, procurement and construction division.
We have a fairly reasonable sized order for an IT company based out of Pune and that is a campus facility, which we specialise in. On the water and effluent treatment business we have orders from Krishna Bhagya Jala Nigam Limited, Government of Karnataka for a lift irrigation scheme at Hanampur.
We have also got an order from the public health engineering department of government of West Bengal for water supply system in Bankura. There seems to be a good development on the water side both through the Jawaharlal Nehru National Urban Renewal Mission (JnUURM) scheme as well as the states looking at water distribution, treatments across various towns and other areas. So, there seems to be good area of business.
On the power transmission distribution front, we have an order of Rs 109 crore for a 765/400 KV switchyard package in Uttar Pradesh. On infrastructure side, we have a relatively small order from Rail Vikas Nigam Limited, who is our traditional client. We also have a railway job of Rs 158 crore and there are some increases in contract value. It is a total of Rs 1,063 crore as of date.
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